For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

I'm not trying to rain on anybody's parade, but anyone who follows advice that is that general in nature and tries to do one of these, by advice from a post on a forum, is sure to find themselves discussing the deal with a nasty attorney on the other side of the transaction and in a very formal setting called a court room.I can not tell someone that you can climb into a piper airplane, put the key in the ignition and hit the gas and you will be flying.

We had an advantage because not many people that we found had an actual formal credit background.

[UL] values are derived from current assumptions, or more formally non-guaranteed policy elements [...] an insurance policy's stated annual cost of insurance rates, interest crediting rates, and loadings do not necessarily track its actual mortality, investment, and expense experience."

Another poster called it "bird-dogging"....formally you would call it an "acquisitions" role but you don't need a RE license to do it and you learn a lot from it.

Other than reading lots of books and listening to podcasts I have had no formal training in dealing with analysis and am doing well just with the biggerpockets calculator.

Yeah, I've used Chatgpt to formalize some emails that I'd have to put a lot of thought to.

You've been given formal notice and stop replying to their text.

I know that in single families in Cleveland Heights people have put in basement bedrooms with an egress window and they were on formal plans that were submitted to the city and approved. 

But he does not want to continue his formal education at this time.