If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at a current address listed on their application(s).Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the tenant’s security deposit.

I received similar mail from them.

All the other junk fees your stuck with, there is no way around it.

So I recently have been studying the marketing strategies that come with wholesaling and have found that direct mail definitely catches my eye the most.

The reason is that we have a relationship with a regional bank that will provide financing and which if we limit leverage to 50% will (1) charge interest at their lowest commercial rate fixed for 20 years with no balloon, (2) charge 0 origination points and no “junk” fees and(3) allow us to sell the property with either a sub to or a wrap loan without increasing the interest rate - in other words no due on sale clause.  

I'm not in NYS, but in WA you can google the law and find what is required.Going off the top of my head here for WA:Deliver a copy personally to the tenant.If the tenant is absent, by leaving a copy with someone of suitable age and discretion at the rental unit AND mailing a copy.If neither of the above are possible, by posting a copy on a conspicuous place on the premises, handing a copy to any person living there, AND mailing a copy.There's also a form that goes along with notifying them.

If you invite the government into your business, you get the good and the bad.2) In my experience,(and I may get some hate mail for this) the average section 8 resident is harder on the property. 

There are plenty of sponsors that focus on long term, lower leverage, and interest rate protected investments but LPs often object to their lack of liquidity and lower return projections. hahaha sorry bit disagree, I think triple leverage ETF is stil safer in my opinion becoz underlying biz is there generating profit.For me CRE with cap rate 3 with floating is equal to purchase junk bond with CCC--- rating or buying OTCBB Pink stock companiesInvestor is guaranteed 25% to lose money.I agree in your point this is very high risk but investor doesn't realize it because what's wrong with real estate,right ?

It is also took me a solid hour+ on a 3 way call with the lender to get the Escrow figured out, and I still got Cancellation nastygrams in the mail afterwards.

This has worked well for us and we don't have to worry about "the check is in the mail".