Hi Guys,I never wrote a letter for this purpose before, please advise if this letter is appropriate.

Thanks Hi Seidy, like others have mentioned, this is not an advisable strategy in 99.9% of circumstances.

Quote from @Carter McGill: Almost every response will advise you to cash out your equity and use it to purchase another property.

I will still suggest offering compensation but advise that we do not speak about compensation until we get an offer expressing all of the terms.Buyers agents will begin using “Buyer Broker Agreements” that would entitle the agent a set commission from the buyer.

First off  you have a CRIME FREE /Drug Free addendum on each tenant that lives in your rental.If you notice suspicious activity or have reports of the same you give tenant notice of high traffic / volume of people to unit as notice to cure.. if this continues or you see or smell drugs you give notice of non-compliance and lease termination. yes you can ask police for advise.. but your main goal is to limit the calls police have to make to your property so you don't want to be listed as a nuisance property. but if the issues warrants it yes call the cops and if a neighboring unit is worried tell them to call the cops sometimes you have to have a record of police calls to verify the issue so you can write up infraction for eviction action..

That is the ONLY way you will get the highest probability of success.Now back to why I wouldn't do what you advised him to do.I said it once and I will say it again.You do not chase "success" based on what you have available.You figure out what it takes to become successful and then use what you have to get what what it takes, to become successful.If it takes $30K, 20 hours/day, and a beautiful woman smart by your side, figure out how to get these things and become successful!

Ask your dad to advise or go into some deals with you. 

According to the attorney--who advised them in the first place.   

While most of the investors I have spoken with have advised against 38106/26/114.

It's advisable to gather all relevant documentation and consult with legal counsel to assess your options thoroughly.