What list did you target for your campaign and how many pieces did you send out?

I use a piece of 22"x28" posterboard to make a calender. 

College rentals generally turn over every year, however this offers a few distinct advantages (1) this will happen at the same time every year and it will happen when demand to rent is at its highest, this makes for a cycle that is easy to predict. (2) because turnover happens at the same time you can find out 3-5 months in advance if they are going to be renewing their lease you are able to prepare accordingly by advertising and pre-leasing the property months in advance.

A lender is much more comfortable lending on a piece of property they can see every day than one across the country. 

These are all pretty straight forward and if you don't place yourself in a position of personal gain, then I appears you would be ok.Common Prohibited TransactionsCategories of Prohibited Transactions In general, the type of transactions that could fall under the prohibited transaction rules pursuant to Code Section 4975 can be viewed in the context of three unofficial categories: Direct Prohibited Transactions4975(c)(1)(A): The direct or indirect Sale, exchange, or leasing of property between an IRA and a “disqualified person” Ben leases an interest in a piece of property owned by his Self Directed IRA to his sonJen sells real estate owned by her Self-Directed IRA to her fatherTodd sells real estate he owns personally to his Self-Directed IRA Carl transfers property he owns personally to his Self-Directed IRA Mary Purchases real estate with her IRA funds and leases it to her mother Kevin uses his Self-Directed IRA funds to purchase an interest in an entity owned by his wife Peter Transfers property he owns personally subject to a mortgage to his Self-Directed IRA.

I have done the fine carpentry of rebuilding the classic moldings, each window case is 23 separate pieces of wood, you simply cannot hire people to do this for anything but a luxury resale.

Its a neglected piece of commercial real estate that hasnt seen action in at least 4 years.

Letters around $0.70 to $0.85 for printing and postage.If you get into fancier, glossy items it will run more.So, a letter campaign of 500 pieces per month would get you $375 to $425.These don't include costs for buying lists or design work you might.

Last April, when I was 24, I purchased a piece of property in a quiet residential neighborhood in a  suburb north of Detroit, where I've lived just about all my life.

Large holes will require a suitable piece of drywall to be put in.