We typically send a one-page memo formally documenting our request.

I'd like to get foreign investors involved in this market and I'm wondering if anyone has any tips or ideas on how I can go about in creating a formal deal package or presentation for investors.

You can give your card to this seller and say if your situation changes please let me know.You could also ( but this requires a bunch of cash) try to buy the first position note at a discount from the lender/bank and then proceed to foreclose on the current owner if they are not paying the debt in full and on time according to the note provisions.How involved that would be would depend on if you are in and judicial or non-judicial state and redemption periods if any pre-foreclosure or post-foreclosure.No legal advice. 

Townhouse style with full basement (shared 1/2 and 1/2), 1 1/2 baths, formal dining room open to the living room with open stairway to the bedroom level. 3-bedrooms on the south unit and 2-bedrooms on the north unit.

In IL, a judicial foreclosure state, the third party buyer at the sheriff's sale usually has to pay the full balance within 2 days.

While I didplan on having a formal lease, you bring up some really good ideas on things to include that I hadn't thought of so thanks!

She has the equity in the house in order to take a line of credit or re-fi in order to get the construction loan and in my mind, if legally possible, it's a no brainer.I used a tool called "Cover" which was looking to market to me for their services, but it did reveal that I can build up to a 1200 unit in our backyard.Hoping I can get some insight here as I am just starting to learn more about REI and this particular application is slightly more complex.Thanks If you don't want to trash grandma's home value, it would need to be formally rezoned into a triplex, or only build a single ADU. 

Eventually a quote from Jim Rohn helped me decide to go all in on real estate investing rather than the MBA. ”Formal education will make you a living; self-education will make you a fortune.” - Jim Rohn

Every successful investor that I know has gotten where they are without any formal real estate education.

But be careful and I wouldn’t send a formal letter or an email, that’s what the notice is for.