Receiving one as a consumer has no issues, so I won't address my comments to that.* The day after giving a L/O, the consumer can record it as a deed with vendor's lien.* Annual and ongoing compliance issues are strenuous and the penalties for non-compliance are draconian. * The owner gives up the ability to do an eviction if the consumer or JP knows anything about executory contracts.This is just starters. 

Write down the address, drop a letter in the mail to the owner, and if you get a call back great.

I found this lender online, https://www.multifamily.loans/loans-under-1mm that specifically addressed this hole in financing options.

Networking is a very broad category....could mean anything from REI meetings to distributing business cards to addressing a luncheon of Probate lawyers (and many many more). 

No and low money down strategies are great for increasing your cash on cash returns once you get educated and some experience under your belt, but I would first address why exactly you don't have any money and better your personal financial position before thinking about investing in REI.

.)- track campaigns and leads (type of campaign: cold call, door knock, text msg, direct mail | how did the campaign perform or KPIs)- manage project (wholesale deal transaction coordination and/or rehab management)- special features    - integrated call system (like callrail for cold calling)    - integrated text system (send and receive text from within the app for a given lead)    - direct mail (send post card, pen letter, etc campaign from within the app)    - skiptracing (given the names and addresses from my lead list, get me the phone numbers for the leads)    - setup squeeze page templates within the app for lead generation (funnel clicks from ppc ads or facebook ads to squeeze page)So, you can go from just tracking contacts and leads on spreadsheets to spending a few hundred a month, plus $1200+ in setup. 

Hopefully you get a dream property but allow yourself Grace that it may take a year or so to get up to speed in addressing all the deferred maintenance and getting the right tenants in place.

So what is the average marketer telling the seller....Give me your address NOW, but I am not going to tell you who I am, what I do with the information, what I look like,  or any information anyone would NEED to trust you enough to give their information.Sure there are always people that don't care and fill it in.But do you really think granny Margaret will be happy to give you her address living alone without the ability to browse your "about us " page? 

If anyone has any free time and wants to run comps on the home, the address is 2207 Burlington St, Ottawa, IL 61350.

Technically I think that address (3753 E 144th) would be considered Lee-Harvard... which is not THAT bad of an area (as a whole)... but those streets there right off of Bartlett are pretty rough.