I spend less than 4 cents per piece of mail for my direct mail campaign (not including postage of course) But I also do all the work in-house.

That piece of advice helped me to land this deal despite several higher cash offers that were submitted.Here are some pics along w/my before & after collage.  

I think so far what sounds fair is the 51%-51% deal @James C. called out - like how I treat my children when trying to split that last piece of cake. 

Which I get but im afraid if she waits any longer the thing is going to be worth nothing in a year or 2, she is going to have this piece of property that is worth less than she owes because its going to fall apart, and she won't be able to rent it to anyone.

Look through your local MLS and look for a most piece of property and pull the trigger on it.

I'll have to do some more research there.Do you know what kind of loan would I need to get to use the equity in a piece of land to do improvements to convert it into a SFH?

How could a deal be structured with someone that cares little about their credit yet wants a piece of action on the sale of their property?  

If you are really on a tight budget, you might use a piece of tileboard paneling, but this will not be fireproof over the stove.But it will be cheap as heck!

And I'd just like to say that if your direct mail pieces are anything like your post titles, you will go very far in REI! 

@Alex RectorI currently send about 2k pieces of mail per month.