I would first and foremost PARTNER with somebody who is experienced, I can tell you right now a full gut job is going to be more than 60k, a job this extensive will not be able to be completed without permits, and you are completely new taking a chance (I imagine) on new contractors, subs, etc.You should one MILLION percent partner with an experienced flipper because your margins are going to be thin, and one bad deal coming out the gate can sink you.

I particularly like the idea of not setting yourself up bigger than you need to right out of the gate.

So if you are starting to mail, you better come out of the gate with a well thought out mail piece or it could become very discouraging for the new guy.It seems sometimes the best option is for the generic yellow letter because it is tried and tested and people will call but with a formal letter like a lot of people send out with probates, the responses will typically not be as many so any feedback from experienced guys is always helpful.That's the main reason this site is so powerful..the ability to stand on the shoulders of successful people so you can get off on the right foot.I started mailing as a real estate agent 10 years ago when I started out and I got sold some really bad ideas that cost me a lot of money with no return.

My guess is +30% of the mailers don't make it to the gate keeper.Frank

Personally I do think he spent a lot of money but the psychological effect was so powerful that he knocked out a number of deals out the gate just because he felt he had back up.

The out of the gate success stories sure can create delusional thinking.

I was thinking a personal letter would be a little less intrusive and give the option for them to call me instead of feeling on the spot with a lunch or call out of the gates.

You're describing a situation where the original intent, right out of the gate, was to resell the property for a profit, not to hold as a long-term investment.Can a property that's sold 6 months after acquiring be called a capital gain?

Some gurus make you think (and some newbies believe) you will be a VP right out of the gate.

I want to limit access to this carport, maybe with a (iron) gate. does anyone have any suggestions that will not break the bank.