While there may be no extra cost here for properties in good condition, it’s worth having the property inspected by a professional building inspector to ensure that there are no hidden issues or problemsFinancing Details: You’ll want to talk to your lender or mortgage broker to get an idea (or better yet a letter of approval) about the cost of the loan and the necessary downpaymentIncome: Details about income should come directly from the seller, but as mentioned above, don’t rely on pro-forma data for final analysis.

This time I plan to use the knowledge I've gained to get out here and try to lock down my 1st deal.I'm still working on a few details and I still have questions but I'm giving my self a three week deadline starting tomorrow to at least send yellow letters or postcards to potential motivated sellers to possibly get my first deal.If anyone has any advice it would be greatly appreciated and I hope to connect with many of the investors in my area in the near future.

Before a hard money lender will make you a loan, if your plan is to refinance they are/should want to see a pre approval letter from your lender stating you qualify for a refinance as they will want to know how they will get their money back and how fast they can expect it. 

I suggest letters over postcards because it's more private and appears less commercial. 

I think it changes words and letters after I leave.  

 Not yet, I know the area I want to market to but I have been having trouble to decide if should use yellow letters and what to put on them if I do.

Our insurance doesn't allow vicious dogs and there is also a city ordinance against them.I went back to my office and wrote them a letter stating they would be billed the $250 pet fee and that the dog must go immediately.  

And from what I can tell, I will need to get a letter of authorization from the borrowers to discuss the mortgage (which I am certain the borrowers would gladly sign).

I have residential loans on properties 1-3 and commercial on properties 4-11I do not like commercial financing because of the 5 year balloon (never know what rates will be in 5 years) but I really had no choice.  

And if you do that, then you end up paying a higher rate, a shorter amortization period which raises your payments, and they're typically a 5 yr balloon where the rate can reset after the 5 years.