A couple of the developers have been Assisted Living Facilities.He is wanting to see if there is some way to lease his parents land to one of these developers, so his parents can either retire to one of the Facilities, or provide them with a monthly income so they can live in another one.  

A mixed use property my dad bought in 1963 for $25K sold for $1.1 million a couple of years ago, only to be torn down and condos built, 1 BR's sold for $600K each, rents for a few thousand/month.

Feels like a good deal (nice lower income neighborhood, bike paths, parks, 10 minutes from personal residence ) but the AC and roof may not have too much life left.Based on my analysis, I think the FMV for a 2/1 like this is closer to 35k.Inspection in a couple days - planning on asking for $3-5k back at closing to a) mitigate risk of roof/hvac replacement and b) bring purchase price closer to FMV.Is a deal like this worth walking away from if I don't get a concession post-inspection?

This is my preferred method based on the judicial system being far too slow.

Here are some points that may help others in their letter writing campaign:Be professional in you content - get to the point in the first lineDon't draw pictures on the envelopeDon't draw dollar signs around everything - don't draw pictures of stick housesBe yourself - tell your story; example - we are a family business, looking to purchase additional properties for our family portfolio - we can pay cash but would prefer some seller assisted financing, glad to supply references if needed - we live in the area ----etc.Forget the YELLOW thingDon't tell on yourself, don't call yourself an investor - Don't lie - I can settle in 2 days - we are big (like a made up name -) people like to do business with others they can identify with - be humble if that is possible.As for sending letters to vacant houses that are Free and Clear - why do all that research - a waste of time in my opinion!

I am brand new to real estate (I bought and rehabbed my own home a couple years ago and fell in love!)  

Im researching a couple of properties and the Zillow estimate for rent seems really low.

@Noah Scott I prefer smaller meetups, where I can get to know people better.

Contact my preferred Refinance Lenders to get prequalified for the loan.4.  

@Michaelmy apologies some times it takes me a little bit to answereasiest way to explain formula for youArv is After Repair Value meaning after full renovation or repairs this is what the house will sell for 30-60 days max based on comparable sales (aka comps)I prefer lower 60% of the ARV, because I prefer to flip to a retailer, by wholesaling, and earning a small fee for finding the deal and securing the property via purchase agreement option or a few other various formsmost of my ppl buy at 65% or 70% so due to my preferred method of wholesaling, I must buy at prices below these "strike prices" or buy prices...just so you know I am a contractor, so my repair costs are known when I look at property.