This method involves purchasing properties that need work, rehabilitating them to add value, and then refinancing based on the improved value to fund additional investments.

If you are in Texas and want to buy Texas tax deeds, I'd think twice about buying a national based program. 

I am based out of the southwest suburbs of Chicago.  

Beyond what is right and wrong, is what is most likely to occur..my forecast is based on an initial knee jerk reaction and subject to evolve..My prediction is that buyer(s) will still want (and need) to be represented, but likely at a lower average cost. 

Hi all, I am Jack, a super rookie investor based in the Bay area.

You touched on my exact struggle in this instance.  

No downside to sending a letter but not worth paying an attorney here based on what you shared. 

Both are based on investing $10k and selling to get back your $10k.

Basing maintenance/cap ex as a percentage of rent is not smart even though many rent calculators use percentage.

If they do they can pull data for you and market analytics.Of course there is a lot more that goes into it once you get that data but based on your question - that is how I wouldProceed.