I need help with a low hud offer

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So this is a flip that we will live in for a year or two (likely 2). It in an area we like and is close to our rental property. It has been on the market for a little over a month and seems to be priced poorly. It needs the have redone, some decent work on the living/dining/bath and plumbing work. If you pull comps on the area the median is ~150k due to some homes in a historic neighborhood around the corner. Given that I know the area well I would say it is a sub 120k home with some decent updating and sprucing up. I want to put an offer in but I feel like a good deal is getting it for 60-65 and an ok deal is getting it for 70-75k. Does anyone have experience with hud and low offers? Here is the county auditor info with foreclosure sale price and the listinghttp://www.hudhomestore.com/Listing/PropertyDetails.aspx?caseNumber=411-475067&sLanguage=ENGLISH&zipCode=45150&city=&county=&sState=OH&fromPrice=0&toPrice=0&fCaseNumber=&bed=0&bath=0&street=&buyerType=0&specialProgram=&Status=0&OrderbyName=SCASENUMBER&OrderbyValue=ASC&sPageSize=10&pageId=1

http://www.clermontauditorrealestate.org/datalets/datalet.aspx?mode=sales_clermont&sIndex=0&idx=1&LMparent=20