This plan is more so just an exercise for me to think ahead, and about every aspect of land lording so I can be as prepared as possible. 

only pieces of furniture are a bed, small couch and a strange piece of exercise equipment.  

C) Exercise the redemption rights or (sell them to someone else) if I think the price at the 1st auction was too low when it eventually takes place.

Once negotiated into a lease, the tenant may, or may not exercise their option(s).

It’s a great way to learn more while doing other things such as exercising, driving, etc.Get involved with a local REIA groups.

Try not to tie-in substantial lessee improvements with the option exercise. 5.

So many tell you hurry get into real estate now, take action, get started no matter what but there should be room to allow for the exercise of wisdom and not taking on more than you can chew. 

If you commute to work, or exercise, or cook dinner, or clean the house, or anything..

Downside is if the tenant doesn't exercise the option, & any repairs that may have been needed during the course of their stay was either sub-standard or not done.Do you know why he wants 30K?

We overcame this by sacrificing most of our personal time, exercise, and sleep for the entire month of September.