market is too small and its all cash and carry basically. 

That's if the rental income can carry the cost of the new mortgage.

Hello,Curious to get opinions on effectiveness of using postcards vs. hand signed and addressed letters for marketing. 

The good applicant eventually gets tired of carrying the water for the other, leaves, and you are stuck with a bad tenant. 

Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange. 

This is from Thursday's quarterly shareholder letter/meeting. link to letter pdf"In June, we broke ground just outside Reno, Nevada on a site that could potentially be the location for the Gigafactory.  

Direct Mail Campaigns: Think about sending postcards or letters to homeowners in specific neighborhoods, especially those who might be facing financial challenges or have inherited properties.

I then took that money, paid off most of my debt, and then started looking for a place where the owner would carry the note and I could afford the down payment.The only thing I could find that met those requirements was a 100-year-old house that had been converted some decades ago into three, one-bedroom apartments.

EXACTLY Darius its well known in those circles  this is why the state of PA is coming out with new laws that will clearly define how the lease option works and treat it more like a seller carry back with Dodd Frank protections.. 

It was my father's investment it actually at one point had been our primary residence he was just putting it on the market because he didn't want to deal with the stress of renters or have to worry about carrying costs.