I send out between 5k-7k letters a month..I have a bulk mailing permit from USPS..So it cost me roughly $300 per 1000 letters mailed...I print my own letters ( not yellow letters) I use simple white copy paper.

For new construction, the land must be owned free and clear and plans and permits drawn before we can fund.

All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.So, if your "teacher", "mentor" or whatever else they claim to be is proposing using contracts to broker real estate without being licensed or owning the property, they are teaching ILLEGAL practices at YOUR expense.

If you see a tenant storing vehicles, running a machine shop, using it as residential quarters use extreme caution as this is likely a non-permitted use despite what you may have been told or read otherwise.

How are you going to administer contracting for repairs or improvements, building permits may require the owner of record, in title to obtain permits.

Below are the details.http://www.biggerpockets.com/forums/521/topics/173...Please join us if your schedule permits.

Many would say the only thing you're permitted to do is check your account periodically to make sure all the deposits are coming in.  

Real estate sales signs are only permitted on the property being sold/leased/rented.

Here's an example budget for a 1500 SF home with unfinished basement (not included):Land: $24,000Soft Costs (Architect, Engineering, permits, property taxes, insurance, loan interest)  $50,000Hard Construction: 1,500 * $95 + 750 * $65 (basement) = $192,000Sale Price: $330,000Transaction Costs: $30,000Net Profit: $58,000 (just under $40 per SF)

Years ago, I started recreationally tracking my car, and appreciated the coaching I got along the way.