Let's say the gap of employment is small (2-3 months time frame before you get a job in your line of work) you'll just have to send in a letter to the lender explaining why there was a small gap of time you were "unemployed" and the lender could possibly still do the loan. 

I'm seeing a lot of double digit cap rate returns upstate, and in places like Connecticut.

Should I use Yellow Letters, should I hand mail them or I'm I missing a step.Also I forgot to mention, I have the phone numbers for a few of them and to be honest, this is why I need Help, because I don't know what to say if I call them.What should I do next?

If the owners are out of town, send them a "yellow" letter.

@Pati Tanieluget you some financingyoull have to pay high fees but it pays off if the deal is done rightHML with letter of financing now you are a cash buyerdepending on what your going to do buy hold- flip-ect..shop around youll find someone to finance youenjoy

If you search "Panzera Realty" in the BP Marketplace section, you'll see where I've posted both sides of the postcard lots of times, as an example.Lastly, we went back and forth between using postcards and letters with handwritten addresses on the front (to encourage people to open the mail).

The distance thing isn't an issue since all files are digital anyway.

My thought was to send a letter to them at the vacant property with "address service requested" on the envelope to see if I can get an updated address for the owner.

You will start seeing deals come in after you have sent postcards or letters to same people 4-6 times.Best wishes for your future success.Sharad

The market seems very hot at this point so not sure where the real-estate bubble is in the foresight.Looking at Bridgeport , Pilsen , Lower west , Maybe some suburbs to invent in.Its hard to get a double digit cash on cash return at this point.