For example, my letter may look something like this:1.

I am hoping my mailer and that state letter come at the same time to get a call right away!

PVP (including the less jumbled up blocks/areas of san pedro) is synonymous with luxury (unlike Compton and increasingly many urban areas of socal) so at least there is value added / luxury potential appeal to any multifamily you invest in, ie get as a fixer upper deal and actually hold long term for rent cashflow - as opposed to flipping(which subjects u to capital gains).

(I live in a city of 43k people and I've NEVER seen a "We buy houses" card, letter, or sign.) 

I wrote a letter and mailed it to all of them. 

If the owner has only been served a Demand Letter, then s/he will have more flexibility to work out terms with the lender.  

Recently, I got a call from an off-market rep (wholesaler), she was holding a POF (proof of funds) and LOI (Letter of Intent) on a property in Florida that her buyer wants.  

I like postcards because they cost about half the cost of letters, so we can send twice as many for the same $.  

If I know my client is in a competitive offer situation, I'll have by buyer go ahead and get the inspector scheduled and a pre approval letter or POF in hand so we can make out due diligence period very short.  

I have a pre-approval letter for the amount I'd need.