Hi Sara,A couple things that jump out to me initially after looking at your calc report are you don't have a couple variable expenses factored in that should be - 'Vacancy' and 'property management' expenses.

These might be factors but I'm not a lawyer, so I can't advise.Otherwise, you might seek legal advice/support or refuse to move in or pay rent until the issue is resolved.

I also don’t know if you accounted for vacancy, repairs, or capital expenses on your suburban home yet, which means you could already be cash flow negative once these are factored in.

So what this means for you: if you’re pricing for raising rents, make sure you’re only factoring current demand norms.

I have owned rentals in 14 states  and Vegas is NOT tenant friendly it totally favors landlords its one of the best in that regard. when I factor in all the cost of Ownership  VS rent I find I can buy a 300k SFR in Vegas that rents for 2200 dollars and it out performs almost anything i owned in the so called cash flow markets.. 

FHA requires 3.5% down for up to 4 units.Conventional mortgage insurance is variable and dependent on your credit score amongst a few other factors.

Because CA population was already so high, this increase as a percentage/rate was not that high.Note when it comes to housing and housing shortages, the number of people is a bigger factor than the rate of increase. 

I'm concerned about what tech support we might need to provide, what issues others have faced, and if this service would be a differentiating factor for tenants. 

Deal Term: 15 Years Total Buildout/LL Cost: ~$12.8 million (prior to financing costs) Average Annual Lease Revenue: $961,500 - Total Lease Revenue estimated to be $14.4 million over term of the deal.From a pure cash flow perspective - obviously wouldn't do this deal, but factoring in a likely exit within the next 15 years w/ a great credit tenant...

No problem, not really sure about a price per square foot as there are so many factors depending on what needs to be updated.