Just make it short.I'd send a personalized LOI with 3 offer scenarios- cash, with SF and an MLO.He can peruse briefly and know high level specifics.An offer to coffee or lunch will have him running to his Aspen Chalet, especially if you're also trying to 'create a business relationship as a mentee or agent' this early in the game. 

A) are there any recommendations on buying vs renting pay per use machines?

In other words, you can configure your network with bandwidth limits for each device and block individual abusers easily with security and isolation settings. https://www.openmesh.com/solutions/multi-dwelling-unitBuy the way, this system can also give your tenants pay per use using PayPal.Very easy to manage and setup.Also, keep in mind that WiFi interference is still an issue for example, Microwaves will put any Wi-Fi down...Alex

I think the first thing you should ask yourself is what strategy you want to peruse.

If you are looking to obtain tenants quickly then drop rent and charge per use.

Although he is offering to let me "just take over his payments" the note is of course not assumable (per US Bank loan doc). 

Thank you, even if I have to slowly build it up from my personal income stream + revenue from flips I'll keep perusing it.

Just ask questions and peruse the forums for never ending knowledge!

Peruse the site a bit.

  $25K only gets you access to the door the other cost is another $30K to join the inner circle and then at least $2K per use of there product such as web development, accountant etc.