making an offer??

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I need assistance in how to go about making an offer on a property. This is a property that is near my home that I just stumbled upon. I was taking a drive one day and noticed an abandoned home that is in pretty rough shape but I am a do it your self type guy so it sparked my interest. Fresh off of a rehab of my own home, I am looking make an investment but I am unsure of how to approach the situation. Heres the deal. I found a house that looks to be at least 2 br 1 bath home in my neighborhood. It needs alot of work to be put on the market, but I feel that I have the potential to get the property for a steal. I researched the registry of deeds and found that a woman who owns the property lives at the other end of the state. The deed shows that she owns the property free and clear. I have her address and phone number but I am unsure of how to approach her.

I think that if I can get the home for the right price it would make a great rental property.

Thanks, Eryk