My contacts say we should be getting a good size incoming rotation soon. 

Only rental cabins catch on fire and not primary residences.In all honesty, though, I would agree that something that size should be treated more as a commercial property any way and the sprinkler system makes sense to me.

Even though it doesnt cashflow well asap, the potential would be its proximity to Las Olas, downtown and the size of the lot, different development options. 

I’m looking at doing a master lease deal in Alberta on a mid sized multifamily so I would appreciate any onsite you are willing to offer.  

Most important is lot size, and basement  ceiling height.  

Plus, you'd have no control over the brand, size, or capacity of any of these units.First, I'd want to see quotes from reputable contractors.

You'll most likely find your staffing costs to be in the neighborhood of $1,200 to $1,900 per unit per year, depending on property size, class, and market. 

That will require a rough and final inspection. 2) When installing drywall you will need a nail/screw pattern inspection. 3) You will need to provide 'conditioned air' to these rooms..how are you going to do this and that will require inspection.Will you have to increase the size of the electrical panel?

I ended up buying a SFH home on a nice-sized lot and I am building an ADU on the property.

But based on that area and depending on the size of your cabin, you may not be as far off on your price as people here think - even with your lower revenue numbers (assuming you didn't accidentally give us net instead of gross revenue).