As a side note, it always makes me smile when a BP guest says "I sent 1000 yellow letters and got this 14-plex for $150,000 that cashflows $1,000 per month".

The gap is maybe an inch big.On the side of the window it looks like there is this yellow foam pad behind what was the caulking that now broke down.

Used them a lot when I was wholesaling and my provider was Yellow Letters.com I believe.

Save up.Perhaps, if you feel the urge and are comfortable with higher risk, you can use the money you have now to advertise, sending yellow letters to distressed property owners in the hopes of picking up a place below market value using hard money and rehabbing it to refinance cash back out, but it's not always the best idea to start with a complex purchase with tons of moving parts before you've jumped in the game the traditional way.Best of luck, whatever you choose to do!

Hello, my name is Elvis I’m 23 and I have a story for you, one day I was fishing and as I was leaving my dream car drove into the parking lot, a yellow Lamborghini murcielago, I had to stop and turn around and look at this car.

I then sent out "yellow letters" to all the properties that met my criteria.  

my advice is start without the systems.....I started with code violations list (free).....then wrote yellow letters by hand (like $5 with envelopes from walmart).....then i had to trust the process......i started from the ground up now i can appreciate the systems etc

So if you have your heart set on that, then the next thing is how you are going to buy, meaning off market, like yellow letters and the like, or more of a retail strategy.

I am trying to locate the owners of a few properties I've sent yellow letters to. 

Scaling up to me leads to success.I am in your same position,and I joined one of the big education REI groups.Starting out FB adds,Craigslist adds and bandit signs can help you scale up.Eventually building a team that includes an acquisition manager to bring in qualify and accept leads for your business.I have a CRM and access to send post cards or yellow letters to different situations.I have targeted pre foreclosures,out of town owners,etc.Always have a sign in your current projects too,people are curious some of my best referrals have been through my own projects neighbors.You have to do some research to see what works in your local market.Keep up with what is working and what is not.KPI.Scale up at your pace,you are successful!