I have moved on looking for other purchase opportunities since a counter or explanation as to their objectives was not even given.  

If the motivation is there, all other objections and obstacles can be solved.

Unless I know why someone asks me a questions or objection, I have no idea how to go about meeting their personal needs.  

Putting a high risk tenant opposes that objective. 

There are a few questions/problems regarding the ordinance that immediately come to mind:- If the objective is to have accurate owner contact information for every piece of property in the city, rather than charging fees just for the sake of collecting them, why would it be necessary for the property owner to provide his same contact information three times and pay a $65 registration fee three times for the same triplex?

Otherwise make an offer around $2.5mm; or what your financial objectives say.

If you keep chasing shiny objects, you'll simply delay your success.Now, a few years later my ideals and plans have shifted.

That has nothing to do with whether it is a good market and fits your objective.

From the scrape on one side of it, I assume that someone dropped a large object on it and it snapped.

I would like to invest in Real Estate in a "buy and hold" property, with long term gain objectives (I don't have much time to manage it, so can't flip houses, just a simple renting set up would work for me.