I have thought about approaching the people behind the property to see if they're willing to sell the front half of their land,  but I need to focus on the one property right now.The end goal is to profit $20-$30k on this property.

As it turns out, some of the folks I've been talking to are eager to partner up because many of them are approaching retirement age.

I am incredibly grateful for the wealth of knowledge on this site. 

The house is located on North Chester Ave, Indianapolis, IN (Marion County)Any info would be incredibly appreciated!! 

How would you approach this deal?  

Incredible resource of information and people.I have been dreaming about real estate for some time now.  

You need to approach it from the perspective that it is a specialty market and requires somewhat different screening, management and operation practices than the norm. 

I like her ideas and approaches.

Also, how should i approach the sellers in terms of the deal.

I do buy a lot of used furniture on craigslist, because there is a incredible second hand market for ikea stuff.