Plus 90% of repairs can be put on a credit card.  

Post cards are not necessarily cheap.

Will they find the property send you a contact and then a thank you card or will they provide resources for tenant improvements, get tenants, stabilize the units, plan for the exit etc...

All letters, a mixture of letters and post cards or what and how often?

We make money from value add features and services: credit card fees (ACH is 100% free), credit reporting for tenants, insurance policies (both renter’s insurance and landlord), our lease creation and e-sign feature.

There are a lot of assets in Columbus that are basically turn key properties, and even if you have some minor renovations (5k-10K)I would recommend trying to go after an interest-free credit card AFTER you are approved and close for your loan.

So short-term equity lines, credit cards, etc. will start to feel that. 

Play the 'friend in common' card if possible.Regarding seller financing, I don't see this being a viable option since they are in default on their current loan.If funding could be an issue for you, take a step back and work on that first.

I am sure there are people that have taken cash advances from their credit card to fund the "equity" in their syndication.Also, there is no requirement for skin in the game.  

One hurricane, one downturn, one localized series of job losses, and the house of cards falls.