However, many lenders offer only the 7A, so you'll have to shop around.

@Thomas Farrell The BRRRR strategy can be effective with $400K in capital, especially in a market like Augusta, GA, offering affordability and rental demand.

What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling. 

Those are my thoughts and the things you have to tighten up if you actually want to offer this as a service. 

Do they offer to help you collect or file a claim against them?

Hey BP community,I’m looking at a short sale property in Florida and considering making an offer.

If she accepts the offer, make her sign and you both get a copy."

Last but not lease, start writing offers and don't get stuck in analysis paralysis. 

I understand that each person's situation is different and unique and can appreciate the insight you all offered. 

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k.