@Steve S., Lots of moving parts to your scenario. 

I would have a lawyer draw up your actual note & pg but that should only help you attract more family + friends to lend to you.

Hello Investors,My name is David Edge from PG county, Maryland.

I am interested in starting to look for small multi-family (2-4 units) with a business partner who hasn't used any of his conventional loan slots.

My first deal is by mean of convential financing (20% down)  I have read that a bank may flown upon having the loan in the name of the LLC  even with a PG -thanks 

Need help breaking down Plan 1 & 2 (pg. 52-63) from The Book on Rental Property Investing by B.

It's PG County, so, it's cheaper. 

First one is a basic intro (we buy houses, want to buy 2 in your town this spring, selling direct is great for X reasons, let me know if you want an offer), second one highlights what type of sellers typically like to sell to investors (own timeline, no hassle, house needs repairs etc), third mailing is a simple postcard that has similar message on it, fourth mailing is a letter saying I've reached out before and thought you might find these FAQs useful (and I include a 4 pg FAQ distilled from my website)-- I expected that letter to have more response (you'll see above the 4th mailing had a <1% response rate) and it may be that ppl are waiting til after Easter to call, as I get more calls after holidays when ppl have had time to talk to their family.How to track all of this... you can guess by now that I'm super data oriented.

Hi guys,I ran out of conventional loan slots.

Read Multi family millions by David Lindahl pg 50.