I'm looking for attorney referrals in Huntsville/ Harvest, Alabama initially for a demand letter and then to explore a lawsuit.

- Most HMLs can provide a lightly-worded pre-approval letter based on data from a preliminary application. 

There is case law and DOL opinion letters on the subject.

One check by accident is one thing, but writing multiple checks when you know there is no money to cover it is fraud.Florida skimming law:https://www.flsenate.gov/Laws/Statutes/2012/697.08FBI mortgage fraud:https://www.fbi.gov/investigate/white-collar-crime/mortgage-fraudI am not saying that everyone would be caught or prosecuted for this, but a scheme with multiple properties and larger sums of money is exactly the kind of thing that gets prosecuted.Very often in these type of schemes, people are not claiming the income on taxes, so that introduces federal tax evasion into the mix. 

@Jordan PrattAnother idea is if you have the cash in hand, maybe could combine the strategies.Buy a mobile home cash.Improve the property at whatever pace you desire.Bring in roommates and pay yourself back over time.Either keep the property if it’s cash flowing or If you want to sell, do seller financing when you are ready to move on to the next property.There are a million options in real estate and you can mix and match to make something fit your goals and situation.

It seems like a lot of the recommendations for the wording to use on postcards and letters are strongly based around being able to offer cash and close fast. 

If I have $600k to leverage, what would the right mix of down payment and cash for stabilization, etc. $500k down on a $2MM property, keeping $100k in the bank?

It’s a mixed commercial building and one of the vacancies would be the commercial unit.

I can probably get out 250-300 letters a week.

Certainly you can make an offer, but the agent will likely require a large deposit and pre-approval letter for financing or POF in your name (your bank account).