I have kicked the can down the road with a letter to the police department but that time is up now.

In essence, we borrowed the down payment for a set term as a debt position, not equity, made interest payments on the balloon, used this thing called BRRRR, and paid off the investor.

A lot of PMs try to slip this in and it means even if they make a negligent mistake, or fail to follow the letter of the law, you are on the hook to pay for their lawyer.

The Code enforcement of the City sent a letter to say the tenant needs to vacate and the owner must reimburse for relocation fees in the amount of 2 months rent and the deposit.

I have template emails, letters, and forms for anything my staff does so our responses are fast and standardized.

Is it a balloon?

In the state/city these said parks are located two banks will finance with about a 20% down/balloon pymt type loan/15-yr amortization.

I would either cold call them and then if I can’t reach them by that method, I then send them a physical letter by mail, but I’m seeing that the cost to ship these letters are adding up. 

Customers whose 5 year balloons are coming due they are taking them to longer amortization’s.  

The Epic Pro Academy talks about the followingContract AssignmentsWholesalingFix and FlipBuy and HoldLease OptionsOwner FinancingSubject-toPresenting multiple offers to sellers called a 3 option letter of intentLead Generation (in my opinion a little old school but works)Advertising (My personal stance is don't create a huge buyers list but build close relationships with 3-5 and go shopping for them (buyer first).)AutomationIf even one person was able to have success following the course then it works.