Considering they all have the same term of 12-18 months, and a projected net profit of 1.5x equity multiple, (a $1MM project, with a $1.5MM ARV) which would you rather:-Debt securities, secured by the property, monthly returns, typically at a higher rate, no accrued returns or profit sharing; or,-Preferred equity, higher risk, quarterly returns at a lower current rate, with a set accrued return which brings your total returns higher than would be with debt; or,-Common equity, highest risk, quarterly returns similar to preferred equity, profit sharing upon sale or refinancing the property based on your % equity ownership.Also, any additional information you're willing to share would be great such as the type of deals you've invested in and the performance/results of those investments, especially if they influenced your decision.

Side note - After suffering multiple years of "analysis paralysis".

Look for similar properties currently for rent in the area and contact the landlords.They can be your best source for cash buyers if they are multiple property owners looking to expand.Also go down to the courthouse and attend the foreclosure auctions to meet cash buyers buying homes on a weekly basis for rehab and resale.Walk up to them with your business cards and your 3 properties info and ask what type of properties they buy on a regular basis and ask them for their card in return.

Multiple Offers above asking price are quite common, especially for clean, move in ready homes located in good school districts. 

I have done this multiple times and have had great success.

I have contacted them multiple times of course and a popular reason Sherman Bridge provides me is that the person in charge of my file is no longer working there.

Seems you have multiple incremental steps that can all be relatively easy and get you closer to your goals. 1) build an adu, 2) fill the adu, 3) buy a new owner occ, 4) rent out the existing, 5) look for another investment purchase (I suggest a great off market deal) 6) get it in escrow subject to selling existing investment property 7) sell existing 8) Use gains from selling #1 to buy #3 (which should be bigger and have more cash flow).

I am looking forward to engaging in some great discussions, learning a ton, and making some new friends in the business.

If the lead has multiple properties, there's no need to send them a letter for every property.

I've been reading the blogs, going through multiple podcast, purchased a few books, etc.