I've researched and looked at past reference back to 1987 how markets have reacted and believe 2015 will see a down year (nothing compared to '08/'09).

The OP is referring to a "split" HUD 1 closing statement.

And when you say legwork, are you referring to the oversight of the rehab?

Is that what you're referring to?

If you give me the neighborhood you are referring to and the specs of the home I would give you my two cents on the deal......from initial glance it seems like the deal would be too slim, but your ARV may be higher depending on what you do to the property.

Never heard it referred to as a burn letter.

And, when I refer these leads out to other agents, they often don't convert.

What exactly are you referring to as the "sellers assist"?

For reference, this is a house that will sell for $135k, so most likely a first time home buyer.Thanks!

That is referred to as title "seasoning".