Wholesaling and Marketing - Yellow Letters

[Brad Couch]

Hello all,

I am in Dallas, Tx. and am new to real estate investing and wholesaling. I have been driving4$$'s after work and on weekends and have been putting together a list. I have been making a list with FSBO's, houses with For Rent signs out front, and also all of the distressed and/or vacant looking properties. I then look up the distressed and vacants on the county tax appraisal website and have been finding quite a few absentee owner houses, some are out of state and some are local. I am ready to start sending letters and am going to start with handwritting yellow letters. My first question is should I be writing a different letter to the absentee owners, FSBO's, and for rents (landlords)? How long should I wait until I send the second round of letters, and should they be different from the first mailer? And lastly (for now anyway), one of the absentee owners that I found is an 88 year old guy who also has 5 other properties. I have looked at 2 so far and both seem distressed. Is there a more personalized letter I should send him, or just keep it the same as the rest? Should I find his phone # and call him or start with a letter? Sorry for all the questions but I have a couple more, where do I find how much equity there are in these properties or do I just find out when I get a call back? I guess right now I would like to get as many calls as possible even if they are not super motivated, so I can practice talking to the sellers, but still would be nice to get as much info as possible to be more prepared for the calls. I will stop rambling.

Thank you in advance for any responses/answers.