I know this run down house in a great neighborhood...

that would surely sell for less than the other ones. This seems like a perfect property to buy, fix up then flip or do a lease option. Not sure if it is for sale though. I went to the county to find out who owns the property. I guess the next step is to approach the owners and offer them a deal that makes financial sense to me as well as them, right. I am a newbie to REI, but feel this is a deal that cannot be passed up. Any help or words of wisdom? This seems like a question that must be asked here a lot. I will also search the forums for advice. Michael