Michael Quarles, I'm surprised you're not all over this....LOLMichael has a good thread going My Sales Diary I think, you might read that.I never used direct mail, too bust even from the beginning as I beleive in identifying a property or properties and follow up, wlking and talking was the most productive thing for me, being known in the area.

If you setup a registered fund, the company as one of the owners of the fund can market the product via you or an employee or you can higher a Broker/Dealer to market the fund which will cost you some money or both.

He paid, on average, $9500 for each one.

So Loc, you might want to see what types of products they deal with, and see if they need help in any type of exit strategy - unloading might be preferable to foreclosing.

Average rents of $500 a month justify about $25K per unit.

Or at least enough to create a product or service that teaches it.

Plus an average profit of $2,500 per home sale is $50,000.

You might touch on the quality issues as a smaller home with more features will fall in the average price as does the larger plain jane.

I'll accept 6-7% net cash flow if I buy below market, the property is Class A, and I believe the property will appreciate greater than the average for the metropolitan area.

No affiliation here, I saw this product on DIY's I Want That show last night:http://marketplace.diynetwork.com/Product.aspx?