Scott's books on flipping and estimating rehab costs are also great sources of info.As far as wholesaling is concerned, Find out: Your target area; ALL costs of a mail campaign (list, letters, postcards, necessary office supplies, postage, etc); budget for 6 months-1year of mailings; develop scripts for prospective sellers (what to say to them); learn to track responses, follow-ups, conversion rates, overall campaign effectiveness, etc.Build your team; title company, RE attorney, cash buyers, closing agents, etc.Feel free to reach out if you need any info.

Will be sending out ~1000 pieces a month, beginning with postcards and then cycling through various other mediums.Question is... how do you go about using mail merge for a large order of postcards?

When they call, ask straight up before ending the conversation, "Hey, I really appreciate the call - by the way, does my postcard have a number in the upper right hand corner?

I had simple cheap postcards printed at Vistaprint to accompany them.  

Any advise on where I can get templates for pre-forclosure postcard mailings?

I finally sent out postcards to find motivated sellers.

What EXACTLY are you putting on your yellow letters/ post cards? 

This is why newbie wholesalers are able to pull down contracts with little to no experience/skills using bulk postcards.

Now that I am officially licensed, do I need to mention that I am a realtor on the actual mail piece (yellow letter, postcard)?

We also send postcards to nearby neighbors.If it's a luxury listing, pay for a spot in a magazine that targets those folks.