This is my first ever house purchase and is meant as a rental house only.I have a prospective tenant who is willing to take responsibility for Trampoline and replace the grass after they leave.Do you recommend allowing trampoline in the backyard?

Does this deter a lot of investors from mailing and/or is it the hurdle of the probate process ?

I'd also recommend visiting over a weekend and looking at prospective homes in person.  

It's in a great area for future tenant prospects, it's already been "de-bugged", it's going to be worth somewhere close to 1.75 - 2.0 million by the time tenants have paid it off for you, and you're in good shape cash flow wise.  

Mainly because of lack of due diligence.. my question is would getting an O&E report on a prospect property be the best route to take?

You are asking many, many questions that are strategic, not tactical.Divide you activities into:1) List building 2) List segmentation3) Lead generation4) Sales funnels5) Prospect nurturing 6) Negotiation7) Acquisition closing This may not be exactly the  model that you use however you will need to separate activities and understand where you are in the sales process at any given time.Regarding sales letters, I suggest only one way from them to respond, and that's by phone.

You could offer a binder agreement to a prospective tenant that says something like "you will hold a 3 bed, 2 bath property for them as soon as one is available for up to 45 days.

If you don't spend 90% of your time prospecting it is not enough.

Tries to deter this very situation.  

I showed it to one prospective tenant today, he is very interested, but I have some concerns.1.