1) We usually do just one link in our resource box.
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We prefer sites that have a variety of PR and we look to see if they have been around a while. Not only via domain age, but we will drop the url into the internet wayback machine to see a snapshot of their history.
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We have only seen negatives from a site owner's perspective. We own several sites in a similar niche and we will get the same cookie-cutter letter, with the same errors, signed by a different person in a day for the different sites. We use that negative and turn it into a positive when contacting websites and offering our content!