If you follow the plan outlined in Deals on Wheels you can do deals with very little cash and no major reserves.

Like getting prepared, as I'm about to outline.

Most states are now coming out with a mandatory addendum realtors must get buyers and sellers to sign that outline how wire fraud happens and what to do to protect.. too much hiding behind internet and text messaging.. those are very dangerous ways to do financial transactions.

Buyer and/or if checked Seller shall pay for Title Insurance as outlined in section XVI.2.

I do provide them with an OUTLINE though so at least they have an over-all road map to follow.

I would want a list which could outline how many houseswhich are Single Family werePurchased within the last six monthsHaving between 1 and 5 bedrooms Having between 1 and 5 bathroomsHaving a square footage of 1 - 3000 sq ftValued between 1.00 and 500,00.00Bought for CASHBy an absentee ownerIncluding  TrustsCorporationsLLCare in each zip code within a cityAnd I wouldn't remove duplicates. 

It even shows the lot lines and the outline of the house.

That's not the only reason, but there is definitely a method to the madness here . . . as I mentioned in my article, Project Simplify: Outlining the Near-Term Future of BiggerPockets, we've got a plan for the future of BP and these little moves make a big impact.

Then I hid the outline of the table and I got a nicely spaced letter that is 95% on the lines.

But I don't call them with an offer to lend money.Most private lenders come from a relationship, not a letter, but if you're going to try direct mail, at least outline your experience so that you don't sound as if you've never done a deal.PS - there is nothing wrong with being new, it's just that this letter sounds as if you are new but trying to sound experienced.