I would be a buyer at $1.15 with 7 units, I am not going to argue over $100k like you and your partner lol

You personally are doing exactly what you are arguing against, which makes no sense, and it's not because you got started in your 40s.

.- Multi-Family Millions by David Lindahl- Mastering Real Estate by Frank Gallinelli- Investing in Apartment Buildings by Mathew Martinez- The ABCs of Real Estate Investing by Ken McElroy- As others mentioned, Buying and Selling Apartment Buildings by Steve Berges- The Millionaire Real Estate Investor by Gary KellerThese are all great books with a different spin on real estate investing.

It shows your tenacity and resolve to pursue a problem in an effort to right the wrong.Yes, if you know deep down within your bones that you are 100% right on an issue, then, gather supporting evidence and be ready to argue your case effectively as you did.You saved money now and in the future, by doing the bulk of the discovery yourself and are now proud of the end result.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

While it is hard to argue against safer housing, out of control municipal regulations, fines, and fees have almost certainly hurt the low-income populations such policies are ostensibly designed to protect.  

I recommend:1) ABCs of Real Estate Investing by Ken McElroy2) Wheelbarrow Profits by Jake Stenziano & Gino Barbaro3) Multi-Family Millions by David Lindhal4) The Complete Guide to Buying and Selling Apartment Buildings by Steve BergesAlso Jake and Gino, Michael Blank, and Joe Fairless have great podcasts on apartment investing.Best of luck on your journey!

So far I have read several great books and the 3 that I would highly recommend are:1) ABC's of Real Estate Investing by Ken McElroy (don't let the name fool you, it is 100% devoted to apartment investing)2) Wheelbarrow Profits by Jake Stenziano & Gino Barbaro3) Muilt-Family Millions by David Lindahl (as @John Zoulis @Logan Turner @Ned Carey have already mentioned)Best of luck on your journey!

$7k is not that big of a spread, but they could argue about the equity your getting covers the items you are requesting.

You can label it as a "Doing Business As" (DBA) "ABC RE".