The value proposition of off market cash buyers has significantly improved and we are very cognizant of that.

From your post, you have no money, no buyers, and no real-life REI experience so what is your value proposition in the letters to distressed homeowners?

This would be a very expensive proposition and would probably cost about as much as a full system replacement with the installation of new modern hot water baseboard.If the system is already a hot water system then things are a little easier, especially in the kitchen.

Again, think back to your value proposition and what you are going to do differently to stand out in the market place against your competitors.

I am not saying it isn't a workable proposition for some owners but it would be a two-way street. 

I’d pass on their proposition, I believe you could do much better 

People with money realize that that most want their money, be it kids in the family or people who just suck up or those with stupid propositions.

It is not as simple or easy as it sounds and you could lose your retirement savings (your IRA) if your business fails.I personally think that it is a very "risky" (for lack of a better term) proposition to use IRA funds to start a business, but many have done it successfully.Thanks for the comment J and your insight into that IRA option.

It would have cost $200-500 to bring a lawyer into the deal, and could have been a losing proposition..

If you are updating a 70s suburban home in Aurora or Thornton, thats not too hard for borrowing costs, repair costs, experience level (though this is certainly not zero experience proposition).