I also plan to mail in this order Yellow letter, post card, zip letter, post card, yellow letter and yellow letter.

@Claire Trammell I sent cards yesterday based on 40-50% equity.

If it's in excellent condition you can expect to pay a six cap, if it's not then maybe a nine or a ten is in the cards.

Thanks guysExample some of my expensesauto ( fees, gas, parking, repairs )Bank feesEquipment rentalInsurances ( fire, renters, other )LicensesLoan interestoffice suppliespayroll expensespostageprintingAdvertismentproperty taxesRepairs ( general, major, other, vacancy )utilities ( sewer,water, pg&e, cable, garbage, internet, cell phone, vacancy )Services ( alarm, property management )Credit card debitDepreciation %

The criteria will vary from lender to lender and even from month to month if the market is changing.The reason I mention credit boards as they can recommend the Credit cards that are easiest to get.

A big item in that area.Do they understand transportation and hot spots.Do they have there own power team to work with and this relates back to being transactional - Contractor, Electrician, Plumber Etc.I know some active investors rehabbing up there and handle there financing.

Now decuct any payments that would appear on your credit (car payment, student loan, credit card min payment).

You can even make some contacts with the people that leave their business cards up.

We moved her in last Thanksgiving time and she is the ONLY tenant that has ever sent me a Christmas card.

Business cards, post cards, door hangers, and even a website.