Many of us including myself talk about our strategies, styles, niches and business model on our website.

each persons investing style is different you have cash flow and appreciation investors and each of them have a different take on what to do in each market. 

And yes, you can take all the normal deductions of real estate when you file your 990-T Tax Returns.

I don;t think I can answer your question but I am certainly interested in the answer.  

At any given time there are only a certain number of people looking to buy in your neighborhood, at your price, that love your style of house... do you want to reduce that pool of buyers even further?

Lots of different styles of it.

A non-judicial foreclosure does not mean that you don’t need a lawyer.

Knowledge and doing your homework won’t eliminate all the risks in land investing, but it will eliminate the unnecessary ones.

If the test still does better, then it is your main mailing now and the testing starts over.You might also want to test copy on the outer envelope of using a invitation style envelope.The last thing that might increase your response rate dramatically is by mailing to absentee owners farther away.

From a legal perspective (not tax): Trust me, I get tired saying this part; you may want to talk to a local attorney regarding what the appropriate "winding down" procedure is for the particular style of corporation that this is in that particular state.