No offense, but you asked for feedback:  The mailer appears "disingenuous" to me.

The wife and I were seriously considering moving there but we didn't see one person under the age of 60 the entire weekend (no offense old folks!).  

I don't take any offense, as I understand the investor is trying to protect what appears to be a resource of scarcity.

You state he is a nice guy, pays rent on time and his offense was more than 20 years ago.

Anyway I've got a questions for your Clevelanders or whatever you call people from there (no offense!)

No offense to realtors, but you eliminate some level of aggravation and difficulty if you start working directly with sellers.

You have to sign a federal offense disclosure when your offer gets accepted.

LOL, goggle.....SAFE Act, mortgage originatorTitle people have been using blank notes for as land has been conveyed I guess, they can and do, but really shouldn't, especially those that don't keep up....no offense meant to your friend or anyone.The SAFE Act is a federal law adminstered under HUD and they have allowed each state to adopt their own version and if not "approved" they will be following the federal statutes.

[\quote] month/yearRent: $1,900/$22,800 (Broke said I could ~$900/$950 for each side)Less Vacancy (5%): $95/$1,140EGI: $1,805/$$21,660Taxes: $291/$3,488Mortgage Insurance: $161/$1,930Hazard Insurance: $193/$2,316Maintenance: $100/$1,200Utilities: tenant paysTotal Operating Expenses: $745/$8,934NOI: $1,061/$12,726Less Debt Service: $719/$8,633Cash Flow: $341/$4,093Cash on Cash Return: 6%/73%Price Per Sq/Ft: $76.48Cap Rate: 7.95% DSCR: 1.47Dan please dont take offense, im learning also, so I want to know how do I go about computing such numbers.

You need to learn a bit more, IMO, no offense.