That letter will be placed in the file in case the file gets pulled for a QC or a Pre or Post Audit to detect mortgage fraud. 

But not to hijack this thread ill save those questions for some forum posts and the meetup. 

David Greene suggest building your core-four before you start investing out of state:  https://www.biggerpockets.com/blog/core-four-real-estate-tea... 

@Andrew Postell thanks for the info, I've seen other posts here from South Africans and thought I'd give it a shot. 

  #1 I asssume you are going with $100k (and assuming there are no post tax contributions gobly gook).  

Originally posted by @Alan DeRossett:it's much easier to rent properties that are well kept instead of a vacant lot.

Statements that need corrections in your post are:1.

However, our tenant, who did move in, has been asking for her money back for several months to no avail.My name is Rick Stewart andsince this website does not allow me to post my email, you can find me on FaceBook.

Leave the top of the spreadsheet for all that static data (pretty everything in your post). 

I'm writing this post just to make sure I'm on the right track.