-What was your average conversion of postcard to inquiry, inquiry to offer and offer to close? 

Does he have someone with power of attorney who is looking after things? 

At what point should I have the conversation with the 3rd floor tenant and provide new lease? 

Just normal conversation with my landlord.

Partnering with them in different aspects has showed them the power of real estate investing.How did you finance this deal?

I do see where the conversation switched from returns to cashflow then back to returns so I apologize for the confusion.

For example: Say you, as an individual, can only spend $100/mo on marketing in a given zip code, you might get one lead per month, which leads to one new listing or sale per year (assuming an 8% conversion rate).Now, say you team up with two other people, and start spending $500/mo*, which leads to 8 leads per month.  

It's especially powerful if your current age plus a thirty year mortgage means that you will be in retirement age and still have mortgages to pay, but knocking a decade off of that puts you in retirement early.Here it is, it's really simple:Take whatever your P&I payment was last month.

It's a conversation i've had with them several times.

You should have a conversation with the inspector about the water heater and see if he agrees or not.There are water heaters now that can be used for heat and hot water at the same time.