Even though the sales side is separate from the claims side, there's a bit more motivation for the carrier to listen: they want me to keep writing business with them.One piece of advice: even if you're angry, keep that out of the conversation.

I worry a little about your numbers and "cash flow" mentioned, you cant just take rent minus payments, some of those rentals seem pretty thin.I love this:"I've never done direct mail, these were all done by networking with agents and writing 300 + cash offers to purchase on properties listed on the MLS."

As distasteful as it is to sell a house for less than you owe, and perhaps write a check for 10-20k at closing... surely that's better than writing checks for 30k per year and not even living there!

it must be in writing and you should give a good faith deposit.

Tell the person to write up the offers and you'll look at both.

And, a nice benefit is that my buddy can write off a portion of travel expenses whenever he goes to visit family because he will be performing a business function.In general, what is a good structure to use for a deal like this?

My (NON-CPA) understanding is this:2 years ago, you could:-Write off the up front mortgage insurance premium-Write off the monthly mortgage insurance premium-You were "grandfathered" into these rules if you bought your home using FHA back then, so you can continue to write off the monthly premium-MIP falls off at 78% of LTVUsing FHA today:-Up front premium no longer tax deductible-Monthly MIP no longer tax deductible-MIP NEVER goes away, regardless of LTVAgain, I suggest you consult with a licensed tax advisor to confirm all of this is precisely accurate.

I guess the first questions are 'what management software are you using?'

I'd probably do the same again because it's my passion, I'm very good at reading and writing contracts, I can sell, and I have an uncanny ability to research productively.One thing I'd do differently is I would start buying property while in college.

also when you write them, answer this question that's in their mind :"why should i sell my house to you instead of the other 50 investors who've written me letters?"