I NEED HELP CONFRONTING A SLUM LANDLORD..

[Anna Ahhee]

I need advice on how to confront a slum landlord that benefits both sides. Heres the situation, the tenants currently renting the property are paying $1150 month and complain to the owners about major repairs needed. He always replies back saying he lives to far and its their problem. I myself went over and looked inside and out, already knowing the California State laws and the Renters Rights, there are numerous code violations all over the property. So I did my research on the property and found out that owner only paid $8000 for the house total and comps show the ARV to be around $170,000. Estimated cost of repairs should be around $25,000, still leaving a good profit if an investor would take the deal, right?

Well my questions is how do I approach owner about my interest in purchasing the property for maybe around $20,000? He gets what he originally paid and more too! At the same time how do I confront the code violations without sounding like Im trying to blackmail him if he doesnt agree to sell?

Please help!!