I scanned them both (I don't mean "scan" with a scanner, I mean that I scanned down each page with my eyes) and sent letters to every name that even remotely looked familiar and told them that I was now a Realtor and asked for their business and/or referrals.

Stretch it to 30 with a balloon somewhere down the road.

Based on what I have listened to and read here on BP, I asked the sellers if they would be willing to finance the down payment amount for the loan which will be $60K at 6% amortized over 15 years with a balloon payment after 10.

Ok I must be missing something because all these deals seem to have balloon payoffs at some point.

I'd also get emergency contacts (this can be good for rent collections too)- in your resident letter make sure you tell them the following: the # to call for maintenance requests, how to make rent payment and the forms of payment you accept, the new mgmt's experience to make them feel good about the change)

I've attached pictures of the letter."

You can do a lease option assignment deal, use my letter of intent in my files. http://www.biggerpockets.com/files/user/REISkills Bring that to an attorney and make $3K by having the seller sign a lease and an option for $123K.

Seller has SS approval letter but buyer wants copy of it.

So far we started with post cards then moved to yellow letters and will be sending out zip letters this week.

I'm getting started by wholesaling and I have just begun my first yellow letter campaign.