The job will pay about $42,000 base plus small commissions for successful ad campaigns and the like.

Direct mail, wholesalers, ppc campaigns, word of mouth and other ways to find off market properties seem to be the way to go. 

Determining market demand based on a 200 mailer campaign response rate is way way premature. 

This is fine, I have nothing against a rehab, but what I am questioning is:What would be the best tool to generate the lowest price on a property,  a marketing campaign (yellow letter/ postcards) or a real estate agent? 

I just received my first call from my direct mail campaign.

One of the properties I had pre-qualified as meeting our requirements to be able to work with as a pre-foreclosure was contacted with our standard "tape to the front door" direct mail campaign.

Im working on SEO and possbily a directmail campaign for a client.

Post purchase, we typically start with a mail and phone campaign prior to demand letter or lispendis, we do that to try and get a dialogue with the borrower.

Either fear of getting on the phones and generating leads (expired listings, for sale by owner, rent by owner, general cold calling), or unable to afford a large marketing budget for direct mail or search engine ad-words or social media campaigns...On the buyer side, you can generate leads by working open houses for another agent, calling family and friends to see if they want to buy a house, get leads from Realtor.com or ZIllow or others.Which one is "better" depends on the market (seller's market vs. buyer's market) and how much control you want to have over your business.

I am doing a absentee owners direct mail campaign in my area as well as an area 200 miles from me (my old home town).