I read my last thread response and I think I added the distinction b/c some banks will consider the seller-carried equity in a "CLTV" calculation as a rider to their LTV underwriting.

If you have figured out a way to buy properties (and make a profit) with out needing to perform this important piece of DD, I'd pay for the information.If a house is sitting on the MLS and it gets no bites it doesn't mean it's bad and just means know one sees the potential you see.There is a very important distinction between everyone else not seeing value where it is, and you seeing value where it is not.

Not saying you won't find some gems, but you may be sending out a ton of direct mail just to get a small segment of homes.

You may want to move into another segment of the market?

That's the distinction you need to make.

Is there a distinction?

I would want to know your direct mail system from your sales copies, tracking campaigns, tracking results, list segmentation, etc.

In MC you can segment your list in all sorts of ways.

Michael,I understand your dillemma and wanted to share with you what we do, with the hopes that it's helpful food for thought.We take our overall list and segment it into two main categories: 1) The properties we are most excited about (usually defined by neighborhood) and 2) The properties we are excited about, but less so.

Each segment, whether it's absentees or whatever will produce results..eventually.