I would not install it if I had to cover the entire cost because that would set an unreasonable precedent.

I feel like everyone in LA area thinks they know RE so there are more investors willing to overpay and more sellers with unreasonable expectations. good luck and check out FIBI Long Beach if you can.

If you aren't coming around an unreasonable amount of time, you are fine I would think.  

We do pay Elite on the back end, but they have ALL of the skin in the game.As the owner, my role is to recruit agents, train them, provide structure and accountability, identify the obstacles that slow them down, demolish those obstacles and then to get the heck out of the way.I absolutely love this business and love even more helping agents to make an unreasonably high income.  

Was it unreasonable?

I'm leaning towards a mark up of the 300k since the two lots to make up the 5-8 unit build each went for 268k which wouldn't make 300k all that unreasonable for adjacent property to their build.

3- are my return expectations unreasonable for the area?

Let's be clear - I don't want to hold back any of the security - unless it is justified by unreasonable expenses.  

Am I making any unreasonable assumptions here?

If they give me a hard time or are unreasonable, I welcome them to find another place to rent.