To note, I purchased the house 1 year ago for 105k (43sq/ft), it appraised for 115k at purchase, and properties in the area appear to be trending toward 100sq/ft as per my realtor and some comps on MLS.Thanks in advance for any insight!

If this trend continues then there is going to be a surplus of inventory because people wont be able to afford the homes and simple economics state that when there is an increase in inventory, prices will come down. 

Generally I'm seeing values trending toward 100sq/ft but know there has to be a cap considering higher sq footage units.

Numbers were incorrect - The market trends aren't there to support the ARV, or the construction isn't on par with the quality of the other homes.3.

Until the neighborhood plans that have a stranglehold on the city are defeated this trend will continue. 

Would like to learn about how to find trends of more people renting in areas

It’s great that they show you average caps and the trends.

If tile backsplash is a staple of your market then consider following the trend.

I will note that I don’t like white cabinets and I put in white cabinets because they’re on trend when I need to sell.

Here locally in Chicago, our 5+ units that are professionally managed trend more towards 5-7%.