Back in the 1800s, a lender could immediately remove a borrower from a property in the event of a default but the law has progressed from that position some time ago.If the property was vacant anyway and not being used, there may not be a lot in the way of actual damages to the owner, but it may provide a smidgen of extra negotiating leverage in trying to get a short sale or deed in lieu done.

I've got several CPRs in progress over here on Oahu.

There are some nice updates in progress and completed in the area done by the city.

The reality is that I'm doing what is most equitable for me today, but that will change as time progresses.  

You can start with SFR and progress to Multifamily.

@Michael HernikCoS loves to advertise the word “progressive” ... until you start the infill process...

Since markets aren't very newbie friendly in SoCal, I'm currently focusing on out-of-state properties in the Indianapolis areas, so I'd love to connect with any of you that have experience there.I'm planning to start off BRRRR single-family homes in need of cosmetic repairs but no structural damage the 100k range and eventually progress to multi-family homes. 

For park owned homes, it may be a bit easier to give tenants ample notice and sell those mobile homes, after tenants leave.Good luck and keep progressing.

Still in progress, will update...Lessons learned?

The exercise rate in King county is a progressive 1.1%-3% based on the closing price.