My concern as a newbie in RE is that most banks want a 10 to 20% down.There goes my savings or the opportunity to be able to buy or invest in other properties.I have been thinking of “Subject to” deals, I guess with $100,000 I can acquire a couple of houses andnot be enslaved with the bank for the next 30 years or so.Also, our credit is crapy and we have poor income tax proof cause we are self employed in a print shop.I greatly appreciate the help in this forum, I wasn’t aware to get results so fast....i guess i dont have to divorce my huby after all:)Thanks

It printed money for us and we were able to slam the mortgage down and felt like geniuses. 

Suggestions: start with PA plain language lease such as the one Don Beck offers (and that is used by many DIG members) from http://www.donaldpbeck.comAnd join HAPCO to cover all of the Philadelphia specific nuances; HAPCO has a printed manual for this.

Read the fine print on the legislation.

They would expect just to throw money at both, do nothing and voila....guaranteed 8% return.Without true understanding of risk , leverage, margin call, DTI debt ratio, appreciation/cash-flows ; this is bit hard to answer.If they want to compare with CD, then it would be easier to answer, as return is almost guaranteed and truly passive.Expecting average 8% return from stock index for the next 10 years, are kinda dangerous assumption as well as we're on the slowing path of economy for next decade, it seems Fed is going to print money more carefully which would affect the trajectory of stock index/401k appreciation as well.

They print the letter in handwritten font and mail the letters.

The first run at it was pretty good but couldn't handle all of the variations in financing and didn't have a user-friendly printed output.  

You can get some ideas from the resources mentioned, but they're going to be a little difficult to use unless you commit your campaign to those companies to let them print and mail for you.

Maybe they just print a different kind of money and we all decide it's ok - lol.

I've been putting together my first self printed direct mail campaign to use here in Sacramento, CA.