How do I approach her to purchase the home? 

That was B.S. and I challenged it.

It makes more sense that you misread something......I haven’t seen any association that approached owning 100 units thru foreclosure.

Maybe he beat somebody down on the price because of the cosmetic challenges and they were stupid enough to sell or maybe they were desperate and he took advantage of them. 

Hi Franky,If you are looking for a smaller, hands-on company with a more all-inclusive approach, reach out to me or someone at my company, Blue Meadow Properties.I have also personally met Jerry Ta with PropertyCare.

I have done plenty well following some basic real estate investing guidelinesIt's too long to repost how I do that so I'll put it here: It's about the 6th post downhttps://www.biggerpockets.com/forums/311-buying-se...I take the Balou approach from the original Disney movie "Jungle book" "if you act like that bee acts, uuh, uuh, you're working too hard".Set up your Systems & Procedures, Analyze your market, put together a marketing plan, work your market, close the business and Repeat

GRM may be valuable to indicate value based on an Income Approach, but my understanding is that a Comparison Approach (comps) is typically used for 2-4 unit multi-family. 

It's a lot of work, but then you mail that list 8 times and buy some houses, hopefully.I'm trying the shotgun approach - EDDM hitting whole neighbourhoods.

The challenge with such a low rent is, that even taking 10% of rents for maintenance & capex, you can still find yourself under water. 

We've lived in the house for the past 6 years all with the goal to turn it into a rental someday, and that day's fast approaching!