As far as a formal letter goes, the only time we issue a formal letter of denial is if the denial was credit based.Also something else to keep in mind is if you have an income requirement (hopefully everyone does!) 

Currently waiting for formal bids from contractor but additional advise and guidance is greatly appreciated.- Electrical not to code.

If you are going to spend the time and money on mailing - it is best capture those leads the best you can, if you are not able to answer the phone regularly you may consider a recorded message to qualify leads and not just go to a voice mail box where 90% of people are going to hang up. 

Where this will not be my primary residence I am assuming that this is not going to qualify for an fha loan.  

For example, I read somewhere that having the electrical in a house updated could qualify for a discount but it didn't specify if that applies to rental properties as well.

Both of us are vets, and she qualifies as a disabled vet, so we ended up using her loan.  

All that you need to be concerned today is if this is a formal probate with a PR who has the power to sell now.

Self-directed IRA or 401k can be funded in one of the following ways:1) Transfer or a rollover from another qualified retirement plan.2) Make new contribution.

My guess is the PR could not qualify for a bond so they have to get court approval to dump the property.Good luck

Andresa Lobrace I am planning to split water, oil heating between all the units in coming future and after that increase will be based on how many rental inquiry comes in and how many qualified applicants, I could find.