I have a list of possible deals, what do I do now?

[Chad Duncan]

I went through a small town near where I live and looked at every street and house that was older  (1910-1930) that needs TLC. I have created a list of roughly 45 homes within a 5 square mile radius. This town is an up and coming neighborhood that I believe is going to be one of the biggest appreciation markets in Oregon. (Not speculation) I did my research and asked the county and local builders at their projections of building, roads, markets etc.

My questions is "What is the best way to approach the owners of these homes?"

A lot of the people who own them do not have any payments, they are either paid off or they have a ton of equity. Some are owner-absentee and the home is sitting there rotting. I absolutely love the style of these homes and plan on fixing the home to its original state. 

What are some of your ideas as to not only approach the owners to sell, but also my negotiation standpoint when approaching them?

Thanks for your time!