Orit all I can say is exercise caution.

Althought I would do the "wave a magic and exercise with that buyer" and RTO then a nice home.

He stated that he had not been approached by anyone else on this matter.Question 1: does this document prevent the other, second judgment debtor, from selling their rights of redemption to this third party, who could exercise this against me to claim the property?

I had a pointed discussion with a lender a couple years ago who was exercising their 'right' to require extended flood coverage.  

If your PM, for any reason can't or doesn't want to buy (exercise his option), you get to keep the $10k...and, you are the only one on the deed.3 - Make the Option period only 1 year.  

I started the eviction process by sending a 7-day notice, but now I'm wondering what the best strategy is....should I follow through with the eviction and get a the judgement as a bargaining chip to work out a new cash-for-keys arrangement.... and is it possible to still exercise the judgement if she breaches that new contractual agreement?

If the tenant isn't collectible it's a wasteful exercise of time and energy.

Here's an exercise... replace: "real estate" with "stock market""neighborhood" with "industry group""houses" with "common stock equities"It reads pretty good, doesn't it?

If you obtain the redemption rights and exercise them you should have title within or soon after 60 days.  

Each form of REI needs more of some skills and less of others, butrental operations (buy&hold) needs people skillsall REI needs ability to do research on your own or to find the proper reference material is essentialsome degree of business accumin is required (invoices, POs, simple accounting)You can learn finance and legal stuff on the fly as you begin to need need them.Investments are not a natural endeavor so IMO, an investor is never born aka Calif's Eureka but an acquired set of skills from exercise.