The only magic is that in 2004 the IRS formally made ownership of a membership interest in a Delaware Statutory Trust the same thing as owning the real estate itself. 

I do not recommend text for this as it's not as formal and they may not consider it.

This isn't meant to be an ultimatum, but just a reminder to do it even if it feels like an inconvenience or a formality. 

I just wanted to formally introduce myself.

Quote from @Kaitlin Scutari: It was not a formal letter. 

So a more formal setting is usually better for me personally. 

She's a single mother who migrated to the US from Southeast Asia and, lacking much formal education or guidance on retirement savings, has been working as a caregiver for the elderly for most of her life.

You should seek a Lender who can provide a formal Certificate of Approval Letter upfront and help Prequalify DSCR properties in advance to simplify the process. 

If the broker knows, and you know, that the client has communicated that they would not entertain any offers below a certain dollar amount... what's the harm in a formal rejection letter? 

To you folks that are paying gurus to learn lending, make sure 1) they actually have a formal credit/lending background and 2) make sure they went through at least the last major crash of 2007-2009 and lived to tell about it.