Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

You want to delegate all the mundane tasks to others and focus on doing tasks that only you can do.While you are calculating the costs of all the raw materials, you also have to calculate your salary into the total cost of writing your own handwritten letters.

The software is going to be very conservative with your write-offs.

Have a detailed scope of work in writing and set clear weekly milestones with your GC.

In order to avoid wasting time on a bunch of individual showings with unqualified applicants, perhaps consider doing what I do and host “open house” style showing windows. 

Do you need the tax write offs?

After all, you do not want a tenant living in your property who does not want to be there, or cannot financially support the monthly payments.With all of that said, my greatest advice is to get a lease termination agreement in writing.

I've noticed many investors initially write their contracts under an LLC, only to later amend the contract to their personal name to secure better financing options.

Fees should be clearly stated in writing, easy to understand, and justifiable.

Does anyone know which insurance company still writes landlord policy in Richmond area/Condo (94804)?