I am speaking from years and years of experience and seeing nice people lose their shirt.

Sheri,I would handwrite a personal letter on personal stationary with a matching envelope and pretty stamp since it's a few select properties. 

To illustrate the point, here is a third scenario where I hold off on buying the same building for 5 years as I wait for cap rates to rise.Same Assumptions with new cap/interest rates/NOI:Market; West Coast (say San Fran )Cap rate at purchase: 8% NOI going in: 225,102LTV: 65% Terms: 8% for 5 year term 25 year amort NOI Increase 3%/yearPurchase price: 2,813,772.0335% Down 984,820.21Debt Principal 1,828,951.82Exit Strategy:End of Year 5 sell building for 3,261,932.96Less O/S Debt of 1,802,341.00Net Profit 1,459,591.96Plus 5 Year Cash Flow of 326,419.00Principle Reduction Included 0Total Net Proceeds 1,786,010.66Less Down Payment 984,820.21Net Profit 801,190.45Given the above cap/rate increase scenario if I were to buy today, and hold for 5 years I could lose my shirt.

(There were some people who used the strategy you speak of and lost their shirts from being overleveraged) you will be going against people who own their property and when we break even we are paying down our mtg with OPM.

Amount of Doc Stamps: $____________________________ Are you paying no documentary stamp tax or only minimum documentary stamp tax?

He also does not write well and farms his stuff out to other authors and then just puts his brand's stamp on it.

(I even included a stamped envelope last time!)  

@Rich O'Neill Is city/county tax stamps and state tax stamps same as transfer tax?

If things were so perfect where they were, they should have stayed.Move down here, buy your flowered shirts, and enjoy your drinks on the beach...can't beat it.

@natelya gUnderstand the transfer taxes, or stamps, that states/counties charge on sales, as you will be paying both sides.