Let’s assuming the subject property will cash flow as a rental and the current financing is first, no second, a low interest, fixed rate loan, no call or balloon, long term loan (15, 20, 30 yrs), and a loan is not financed by a local bank and, you have cooperative sellers.

They say I owe $6656.52 for 2010 and they just sent me another audit letter for 2011 . . .

How often and how many letters?

I'd suggest you offer a balloon payment in 5 to 7 years.

For some reason, they started sending the hoa letters to the home...not to us.

It has been suggested on this thread to get a pre-approval letter from a potential buyer which is a good idea.

I didn't want to jump the gun and purchase the fist deal that came across my desk.I found the deal using standard marketing techniques, (mailing to owners using tax record data, the only difference being I don't send yellow letters- I think that is overdone by investors and therefore can be a turnoff to more experienced sellers.

From what I've picked up, if I did it now, I'd probably yellow letter to inheritance, probate and absentee's while cold calling craigslist and other ads.

You're looking for an e-stoppel letter.

& No i have not met with any license professionals, BUT I am currently working on an letter of apprenticeship to send out to various real estate investors.May I ask, how long did you attend school and what did you attend school for?