Tax Delinquent Opportunity

[Zach Kirkton]

How does investing in tax delinquent properties work? I have a potential deal where an apartment building is behind taxes for around $120k. The property was assessed at $175k. The current owners is asking around $70k. How would I tackle this? According to him it only needs cosmetic updates and some tuck pointing. It’s an 8 unit all 1 bed 1 bath and he’s currently pulling in roughly $5k/mo with some vacancies.