If there is any information that I missed, please let me know I can explain our situation further. 

(Not your fault, maybe some of the people at fault here are the realtors that you have worked with that were unable to explain their value to you). 

That looks like something from chat GPT to bhAnyway, I have a hard time explaining to people time value but if you value your time and hire a good property manager it's a no brainer.

I have done several as you explained.

I really appreciate you taking the time to explain.

Can someone explain in simple terms what prop 33 means in California?

They will have 12 month leases, so over the course of the year you will be explaining to them your plan to rehab their units and bring them to market rent.

So explaining why an investor (you) is preferable in their situation is critical.  

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

They should write you a letter explaining the error and that they are going to charge you the additional $400 now.