First foreclosure OTP happening tomorrow!

[Linda Burger]

I've been a landlord of a sfr for 8 years and bought my first duplex in July which I rehabbed in under 2 months and is fully rented now. I've been lucky in finding great tenants and cashflow great! Tomorrow i am faced with an opportunity to write on a sf (3 bed/2bath) foreclosure - my first one! It's not a cash offer though (i know, i know 👎) - I am approved with a commercial loan under my LLC, along with a construction loan. The area safe, is ‘up and coming', and close to my other 3 properties (one is primary). In your bigger pocket language that I've recently learned - it's a C- property in a B area. 😁

Here’s My question - Are there any strategies to the foreclosure offering process? It’s banked owned, under 100k, needs a **** ton of work and so far no offers. The work doesn’t scare me, in fact i love creating something beautiful that most can’t see; I have a vision. But i don’t know the ins and outs of foreclosures and I don’t want to offer too low or too high. I’m a driven, extremely tenacious, competitive woman and love real estate and the process, but this house has me pacing because I feel powerless and will be at the mercy of a banker come tomorrow who doesn’t know me or my tenacity and my desire to improve the fallen homes! Any advice would be great!