They sent out official resignation letters to all homeowners in the email database and also turned in their information/materials (documents, folders, etc.) to the remaining board member soon after.

Thanks.Purchase Price (B23) $100,000.00Repairs (B24) $50,000.00Points Charged by Lender 3.00%Points Added to Loan $3,000.00Purchase Closing Costs (@ 2.5%) $2,500.00Out of Pocket (includes closing costs and payment) $7,750.00Holding Costs (Taxes/Insur/Util/HOA/Lawn @ 2.5%) $2,500.00Inspection/Appriasal Fees $600.00Total Invested $165,750.03Total Cash Needed From Lender $153,000.00Hard Money Monthly Payments (16%) $2,031.84Total HML Payments (@ 6 months) $12,191.04Lender Loan to ARV 67%Total Loan Owed Lender $165,191.04After Repair Value (B25) $230,000.00Home Warrant $450.00 Termite Letter $100.00Realtor Fees (@ 6%) $13,800.00Our Closing Costs $1,500.00Their Closing Costs $1,500.00Total Debits at Closing $16,800.00Total Cash Received if Sold Now $213,200.00Total Invested (B41+B49) $177,941.07Total Profit $35,258.93I have the rehab costs at $42,500 however I increased the allowance to $50,000 to cover any unexpected costs.

They say I owe $6656.52 for 2010 and they just sent me another audit letter for 2011 . . .

How often and how many letters?

For some reason, they started sending the hoa letters to the home...not to us.

It has been suggested on this thread to get a pre-approval letter from a potential buyer which is a good idea.

I didn't want to jump the gun and purchase the fist deal that came across my desk.I found the deal using standard marketing techniques, (mailing to owners using tax record data, the only difference being I don't send yellow letters- I think that is overdone by investors and therefore can be a turnoff to more experienced sellers.

From what I've picked up, if I did it now, I'd probably yellow letter to inheritance, probate and absentee's while cold calling craigslist and other ads.

You're looking for an e-stoppel letter.

But, if you do buy the books, you can get also get them here:BP & J Scott BooksBiggerPockets published them,and if you buy them from this site, you get the PDFs of each book included (or you can just buy the PDFs if you don't want the physical books), and you also get a bunch of other digital goodies in the package.