We are having a hard time coming to a consensus of how to identify, underwrite, and basically take the jump. ( we don't want to screw it up lol) I've searched this topic on the forums but figured someone could give some insights given our situation.

A quick fix now can save you from potential negative feedback later on.I'd be happy to discuss more ideas!

Buying for appreciation is never a good idea.

The idea of purposely burning down the home came to me.

Let me know if you want to chat more about it or need specific model ideas!

Look, if you are looking for a bank with "no foreign wire fees" thats quite a stretch and I'd advise tossing that idea out as it will keep you on the sidelines. 

Here is a revised version of this post, updated December 2024:https://www.biggerpockets.com/forums/51/topics/1223547-expla...

We don't know whether a presidential idea will be implemented at all.

They can pull up comps for recently renovated or new construction properties from the MLS to get you a better idea of a realistic ARV.

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!