If your phone starts ringing like crazy, then you'll know you have a good market.

As you mention you are only sending out a few targeted letters, there are a few rules of thumbs to consider so you don't get discouraged:If you are sending out very targeted letters like it sounds like you are you can expect for every 100 letters you send to get 5-10 calls.For every 25 calls you get you might get 1 deal.With Direct Mail marketing, volume is the key to get the phone ringing and then to find the one good deal out of the leads you get.

Im not generating additional rent from it and you better believe when the thing dies the phone will ring.

For that responsibility I also have to make my own phone ring, and but the reward is a better compensation plan, IMO. 

This is a bird’s eye view of a complicated matter and you should seek professional advice should you choose to proceed.Brandon’s words on the podcasts keep ringing in my head… if asset protection is what is holding you back from investing in real estate, then just create your LLC already … BUT make sure you do it right!

Just get the phone ringing: get your first few leads in and keep working that momentum.

Just thought I'd throw my hat in the ring as well!

A little educational background on myself, I'm an undergrad student majoring in psychology with a minor in marketing and also a Champions School of Real Estate student.

I think I am finding myth # 2 to ring very true for me.

They are risking everything I know but then once again so did the Kennedy's and many other families, organized crime rings and business enterprises during prohibition.