Helping Distressed Homeowners while Making a Profit

[Taylor Wesley Davis]

I know this title may seem cold hearted or cruel, but I’m looking for honest advise here. In my area there are a lot of, what I would consider, distressed homeowners. They are either in pre-foreclosure, foreclosure, or have let their homes fall into disrepair due to lower income jobs. What is the best way to use this situation to both help the distressed homeowners, and my own family, by offering to buy their home? Do you offer fair market value based on comps knowing the profit margin will be slim, or do you make them an offer that will still put money in their hands, but will give a better return on investment from my end? I want a good reputation in my area, but I also want to make sure my family is taken care of. Any advise is appreciated!