I estimate the ARV to be 1,250,000 on the conservative end.

If not, you need to consider the time involved with obtaining estimates, reviews, scheduling, providing access, handling issues that come up (like new water heater required  we remove the entire door and frame for access as they are wider now).   

Thank you for the chance to be apart of this community.

I missed it in the mid-90s Colombia, too, where I wouldn’t mind taking tax-deductible vacations today more than I would in Kiev - no offense to Klitchko (both of them.)Ukraine certainly has a chance at success.

We estimated that it was worth $450,000.

your asking a lot of questions without knowledge of the situation Ask the agent if they got a repair estimate on the foundation and then make an offer contingent on your inspections  

What would be the best strategy to approach the owners in order for me to have the best chance at doing a deal?

In these areas the numbers do you work and some are around the 2% rule,  just estimating...  

@Brad Beam what’s your ARV and repair estimate 

Also, do you have a better chance qualifying for a second home mortgage if you put your first home as collateral with whatever equity you have in it?