Two things that jump out to me that we have proven successful: 1) Personalize with seller's correct info2) Call to action (expiration date)No matter how wonderful the family looks in the picture, I can't get past the "dear homeowner" or whatever version of that is used. 

@Helen Rolls  ask the question on the AUssie version of BP  IE  propertyinvesting.comor somersoft.. both of those are Aussie sites like BP that's were you want to get your info

@Ryan Mullin  the Joys of BP  inexperienced buyers with their version of  events then the soap box starts.Its why I posted that ( the way she posted this there is only one conclusion to be made) Keep up the good work... 

After a few calls and emails back and forward we were able to agree on a slightly modified version of the ICA from @J Scott's book. 

The ones I have heard really bad things about were scamming all the poor Australians in 2009 and 2010 as well as coastal investors - I think for the most part they are gone.However, before you partner with any company be it as a private lender for those doing it themselves, a done for you turn key model company or even hiring a contractorback in those days I had not found BP but was a regular on the AUSSIE version and yes there were some very BAD actors in KC...

When I say "AUS didn't even ask for tax returns or a w2/1099," I'm conveying that Fannie would in theory buy that loan on the secondary market even if it had no tax returns in the file.TLDR is internet slang for "too long; didn't read," you put that to indicate you're about to give a one sentence version of what would take 10 paragraphs to be fully accurate and comprehensive.I learned that commercial loans work differently and will be based on the deal instead of on the borrower.

So I'll explain the 'custom version' of IC and LP.

Minh,Yeah I think the fed is moving toward there version of austerity; financial repression:http://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdfIn which case the erosion of real-estate debt by moderate inflation, will be useful; assuming they can keep a handle on things and avoid the mentioned one scary wrench that goes counter to the whole cash-out refi repeat strategy; but yeah it’s in the feds interest to avoid deflation at all costs too; lets hope they can.That’s a good point on re-financing at rates lower to increase cash flow; you would also have the added value of that inflation lowered debt ($100 of debt is now $95); making up some of the 10% market correction.

Is anyone using the new version of these type loans? 

I'm a miniature version of Dave Paladino.