I require proof of income 3 times rent and their statement that they have never had an eviction notice sent to them.

Our strategy is to purchase a multi-family unit that would allow us to occupy one unit and rent out the remaining units on a long term basis. 

65% of your success is the list, not the letter.I totally disagree with Jonathan about saying you will not lowball.You will, and then you look stupid.Unless you are a realtor and can offer listing solutions, I would say you will NOT pay full retail so you don't get all the calls of worthless leads that want full retail.The only reason to do this is if you are a rookie and want practice talking to people.Easier and cheaper practice is to go to craigslist or facebook marketplace and call landlords that are renting and ask them to buy.Your letter is fine, if you find a motivated seller, they will call.

Find something you can live in and finance with low money down and can rent out the other sides, or rooms, and that you can also add value to. 

New to renting, looking for advice.Single family home valued around $1.1m.

Resale we do urban core where rents are higher.

If they do the escrow or just partial pay rent they you take them to court for non-payment.

Rent control is relevant if you have residential tenants.

Interested in the NYC market and have been reading into rent stabilization. 

I bought 100k homes for blue-collar working families that rented for 1000 dollars a month that more than paid for all repairs, vacancy, insurance, professional property management, and capital expenses."