I would like to send out post cards instead of yellow letters.

In order to get your total "net worth" you would add up ALL of your assets  (real estate, stocks, bonds, cash, etc,) and subtract out the debt (credit cards, mortgage, student loans, car note, etc.) in order to get your overall net worth position.

I am on a budget and I've been building my credit back up (old college credit cards had been dragging it down).

There are a bunch of companies out there who will print 1000 business cards for around $40.

Like us, we needed time to set up our rental to show on the books that it paid for itself and took that time to pay off some cards and get our finances looking just right.

The benefits of using a HELOC over a conventional loan:- No or VERY low closing fees- Fast time to funding (I closed a HELOC with a community bank in two weeks), - It's re-usable without applying for a new loan (think of it like a giant credit card)- Interest only payments are available during the draw period- Low interest rates (although they are variable and can change)Having an 80K HELOC is exactly what you want to do your one deal per month, and every deal will be 100% financed by someone else (the bank) at super low rates.If you go this route, you will not only have access to that line of credit, but you also have the income from the rental to cover the monthly cost of the line of credit.  

I got some data leads from List Source on Absentee Owners who had equity and ordered about 1800 letters from Yellowletter.com, which cost me about $2300, and also sent out 1400 post cards. 

@Sean Becker I used a very basic post card design I just tried to post the front of it here but don't know if it worked.

I could get this done for little to no money and little of my time.So should i form an LLC, have a website, phone number, and business cards starting out or is this a waste of resources and i should spend that time searching for deals?

Its treated like a credit card.