With that being said I think there are many good options for asset preservation and with 100k you likely could invest 50k in two deals.

Paying all-cash isn't a bad move, but by financing the property, you can preserve your liquidity, invest it, and let it work for you.

As for your questions:1) The judgement is probably the loan balance, plus fees, late fees, taxes, insurance, per diem interest, sheriff sale fees, attorney fees, property preservation, legal notices, title searches, etc. 

I've alway been a proponent of preserving liquidity and letting in work in a separate market.

Similarly, horse handling remains a vital skill for navigating challenging ranch landscapes.Fencing Techniques: Just as financial portfolios are designed for long-term durability, traditional fencing techniques are favored for their robustness in preserving the ranch's boundaries and security.Generational Ranching: Passing down the reins from one generation to the next is not unlike the legacy planning that investors undertake to ensure wealth endures.

I'd dig around and find out who Garrett Sutton, the Rich Dad advisor who talks about Wealth Preservation and Asset Protection, recommends for that. 

What they DO have in common, is the responsibility to maintain, protect, and preserve ALL of the common and limited common elements.

www.dsnews.com used to have a nationwide book on personal property disposal laws state by state.I can't find it now it's been so long.Giving up the keys means nothing.They could have another set.Some just change the front door and that's it.If you are going to change locks change all the doors front,side,and back so the tenant cannot re-enter.Every state is different in laws.In Georgia if over 500.00 of property is estimated or it's close the attorney for the lender we were being assigned the REO for would do eviction.If accessed can't be gained to inspect the whole place and determine contents they would evict.If you don't you will get sued claiming they were storing priceless valuables.The former homeowners do it to the banks all the time.Usually it's the idiot property preservation companies that don't follow bank protocol and empty anyways.The bank insurance covers these stupid mistakes most of the time.You always have in the contract that the deposit will NOT count and CANNOT be applied to last months rent.This is common for them to try and do this.

Whereas using a general warranty deed or special warranty deed will preserve the title insurance.

I personally prefer to double close most of my stuff just to help preserve my relationships with my investors.