I sponsor a few people, as a broker that do apartment locating and I will do it from time to time if there is good money to be made.

@Brian Cannon commenting to hear what people are saying as I invest in DFW!

Their hands are tied because the statutes do not allow that.

This may not be a big deal like many people are saying… but this is a huge purchase for you so why not do as much due diligence as possible. 

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them.

My mom keeps hers at 68 due to health reasons so I figured give people an extra degree. 

We provide housing for Homeless and Addicted people in underserved communities, and in an attempt to revitalize our Downtown area, and expand our Program (part of it is home ownership and entrepreneurship) we need to be able to buy adjudicated properties, or have them donated, then have the finances to redevelop and repair them. 

@Cindy Young, the common rule of thumb is 1%, you will hear that all over the place, and you will also hear people rail against this rule of thumb as well.

Honestly though I like your idea of the hand written letters if you have a few hot leads.

I’ve heard from countless people over the years who made their construction financing decisions strictly based on the term sheet terms and have had miserable experiences.