Sometimes, you just have to let go of the reins and have faith in your judgement.

My dad has (against my better judgement) trained a guy whom I consider local competition but they're 50/50 partners on a lot of deals.

my local experience : judgement amount has nothing to do with the opening bid. bank may open the auction below/at/over judgement amount. true : in many cases opening bid is around the judgement amount...but in general the key is to know what the opening bid will be so that you don't waste your time on due diligence.

When i look at a credit report, If a tenant has had an eviction, look to see if the judgement was paid off.  

More time to get the process, which can include delays caused by the Borrower, courts or the Mortgagee just taking their sweet time, can serve to increase advances and thus payoff and thus erode junior lien holder equity.Some states allow for a deficiency judgement and others do not.  

Do you treat unsatisfied judgements like most landlords treat evictions (none, ever), or are there conditions, ie, how long ago, amount, etc... where you'd accept an applicant with one... or moreHow about mortgage foreclosures?

That is all personal preference and judgement on your behalf.  

But you want to make sure they're going to pay you first and not the judgement they owe.

However, our holdings company actually owns the property. i understand there is a ton of paperwork and tax headaches that come along with this, however, we have been through a federal level legal ordeal in the past and we're not going to allow ourselves to be that exposed ever again.God forbid, in the case of a random car accident, where the opposing parry wants to sue beyond  our umbrella limit, our property assets would not be judgement proof.

.- 2nd Lien or Judgement Lien could require more than they are allowed by the 1st.- Appraisal can come in too high- Appraisal can become too old and bank require new.. the list goes on and on.