Yellow letters are intended to convince a single family homeowner that you are interested in their house and took the time to hand-write them a letter professing your love for their place.How in the WORLD would that messaging translate to multi-family, where the owners are LANDLORDS and BUSINESS PEOPLE that are - i guarantee it - 100% WISE to the old yellow letter trick.If you want to be in a business, be a business person.

@James Wise almost positive that my former company said I wouldn't be able to take a loan out while not employed by them.

Thanks for the great information and the wise warning @Jerry W.

I read it a long time ago and my takeaway was:Spend your money wisely.

@James Wise I agree that us investors need to give this kind of feed back!

However, it may be wise to have an attorney review the contract.

What about trim , wrapping the windows , caulk , any rotten wood , disposing of the old windows , thats an old house , there are probably lead paint issues ( need someone certified) Look at the whole picture , penny wise and dollar foolish is a common mistake .

When a deal comes to me as a rehabber, I'm just looking at one thing number wise: Does the offered price = 70% ARV - Repairs?

I think getting your license is wise as well as you can make money from the realtor side but there are a lot of fees that go along with it as well.

Then again I've seen some subs come in higher price-wise than some generals.