I'm sending a postcard to that absentee owner. lolWith CAPEX included given it is newly remodeled it would be around $110.

Postcard response rates are generally lower.Response rate for yellow letters: 4% (on average)So if you mail out 1,000 yellow letters, you could expect about 40 calls.On average, it takes about 40 calls to get 1 or 2 good deals.So if you are mailing 320 per month, on average you would expect to get a good deal within about 4 months.

To my knowledge, I'll have to make a lot of phone calls and send lots of postcards and emails & stay persistent to find motivated cash buyers, but i need to know what happens next.

To my knowledge, I'll have to make a ton of phone calls and send lots of postcards and emails & stay persistent to find motivated cash buyers, but i need to know what happens next.

To my knowledge, I'll have to make a ton of phone calls and send lots of postcards and emails & stay persistent to find motivated cash buyers, but i need to know what happens next.

We had postcard style cards printed at Vistaprint.  

Just think, if you are sending out a post card, then that same person is getting 20+ others showing up at their mailbox...

Do you send them a post card or yellow letter?

Consistency with your follow ups will help you get the full potential out of your list.As for types of mail pieces and possible combination of mailers to send, I would recommend what Michael Quarles recommends:Small Text PostcardPatriot LetterLarge Text Postcard Typed Letter Yellow LetterZip LetterTo add to this post, for your reference and hopefully so you can look ahead and plan accordingly, here are the average response rates we have seen based on our customer feedback as well as our own mailings throughout the years:Yellow Letters- average response rate of 8%-9%, all kinds of calls (angry calls, curious calls, tire-kickers, quality calls)Postcards- average response rate of .5%, mostly quality calls.Zip Letters- average response rate of 2%, mostly quality calls.

To answer your question; keep mailing to the same list and test different yellow letters, white letters, post cards, etc. until you find the one with the highest response rate.