With 37 units, you don't have digital software like Buildium that can be set to automatically email a receipt?

Hi Inam,The acquisition process when you're just starting out is more analog than digital...by this I mean it will be challenging for you to know some of these things until you experience them for yourself, so you will sometimes take two steps forward and one step back.

First, I'd take the nice road and explain the consequences of foreclosure (but you won't get a deficiency judgment from an installment contract) and give the borrower a pre printed letter asking you to consider taking a deed-in-lieu-of-foreclosure, if they send it back, you'll save time and money.

I have some of my offer letters saved in the BP fileplace if that can be any help.Frank

We have been marketing sending out about 600 letters a month to high equity homes.

post cards, yellow letters, standard mailers.

Require a esstopal letter signed by both tenants and landlord.

Ask to see her latest award letter(There was a cost-of-living increase that happened, and the notices were just in the mail today (12-04-17), so she even has a few more percent cushion!)

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What saved me in my case, was that the property had two meters since the 1930's so the City of San Antonio gave me a letter of nonconforming use, saying it was ok that my property was a duplex.