My experience working for Christina, the owner of STR Property Partners, left me with mixed feelings.

I have a mix of students and families.  

Some may give you owners address if different from the property, some may integrate with post card and yellow letter mailings. 

Is he going to just tell you to knock on doors and write letters, or is he going to introduce you to well vetted agents in your market that are known to source deals and sell for realistic prices?

After the lease is signed, you can open the security deposit account and then provide the tenant with a formal notice that includes the account number, bank details, and interest rate.This notice can be a simple letter or email, which should meet NJ’s requirements without needing to amend the lease or have the tenant sign it again.

As the POF letter that he submit thru program doesn't seem to be legit.

Quote from @Kwok Wong: Letters of Intent are different for everyone.

I have heard mixed reviews about the market.

You're the fish.They often use a mix of fear, threat and urgency to push a target to act.It can be as simple as a 24 hours sale from your favorite shop that requires you to log in to your account first or your boss asking you to wire money right now or he/she/they will lose an important contract that will cost millions.So cybersecurity is important because without that, you might have an incident that can cost a lot of money, impact your reputation and might affect your credit score.

You may use a mix of hard money loans and partnering up with others to handle those upfront costs.