A simplified example, the strike price agreed is $1,000, the expectation of a price increase or market value is 10% annually or the price is expected to be $1,100.00.

You have several heavy weights in this thread giving much better advice than I could probably ever hope to.However I have a very simplistic mindset and sometimes look at things different and maybe my thoughts will strike a chord.- Always plan for the S*** Hits the fan scenario- What happens if the owner dies?

So, you need volume and consistency to reach them.It's all about volume, follow up and striking when the iron is hot.

It strikes me somewhat as a charitable action on my partners part, but certainly a monetizable situation too, it just needs to be treated as a real business.  

Perhaps you should consider working with a good TK operator to "learn" what you need to know and be comfortable with before you strike out on your own.

Your insurance strikes me as low given the square footage, but if you've gotten quotes for those numbers that's good.Second, why are you paying the realtor fee?

With the judgment occurring in the same year as the strike off, I doubt there's significant post-judgment taxes owed. 

If you have all of your properties in one market, then you are subject to any downturns in the local market that range from a simple loss of employer to major natural disasters such as earthquakes or hurricanes.Diversification is a conservative approach, but if you have everything in one market and disaster strikes, then it can be a problem.I am in Memphis and believe it or not this is an earthquake zone.

Now I am striking out on my own with plans to fix & flip SFHs in Richmond, Concord, and Oakland—although I reside in Marin Co.

In my experience, most investors tend to target B or C caliber areas in effort to strike a decent balance between risk, cash flow, and potential future appreciation, but there are investors that operate in each of these asset classes.