There are two building pads, one has an 1100 sqft house and on the other I recently completed a freestanding 1200sqft ADU.

Found a coworker that purchased a home and found out that opendoor replace the carpet but no the padding.

Our contractor had mentioned that we could install meters on each of the pads and have tenants pay for the water.

I own 5 rental units right now (a 4 unit apartment building + 1 sfh) and this trailer park is 50 pads with 19 of them filled.

There's nothing magical about yellow legal pad paper.  

Do you gut it out of legal pads or are you able to order a ream from somewhere?

Well it depends on the talent and the abilities of the RE Investor.I always want to have a notary in place or DocuSign docs, and I always get the terms on a legal pad first.I believe when you first start in REI you may consider a "letter of intent".You need two:Letter of Intent to Lease OptionLetter of Intent to PrurchaseThen get the appropriate docs signed and notarized.Here is my Lease Option Assignment LOI.https://drive.google.com/file/d/0B410Qg6zTH1EUFdQe...

Breakdown of costs:Yellow pad: $.99Envelopes: $2.00Stamps: about $50 for 100 stampsClosing your first deal: Priceless So you can send out 200 for around $106.

Use a standard state approved contract, not some mickey mouse whizz bang contract made up by who knows who with enough bullfeathers to scare the owner's socks off.

It was supposed to give the feel that someone saw your house and when they got home grabbed a yellow legal pad and a pen and just jotted down a note to you and sent it right then.