Next you'll need to find the source.

However, having difficulty finding the price per sq ft of parking spaces.

Those are harder to find in the past couple of years.  

How did you find this deal and how did you negotiate it?

Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

So the 1% rule which is a unicorn find in San Diego is not sufficient to have positive cash flow at high LTV.  

I, like many used to think “newbies” posted questions or asked for “help” to obtain the best advice from experienced investors, obtain guidance on strategic alternatives, or get a qualified opinion on whether the latest hot guru was worth the $40k price of admission.But, I was WRONG.No, none of those reasons are why newbies come to BP.They don’t want to find out that their “revelation” about how to invest has been tried about 10 million times - with limited successThey don’t want to learn that without capital, knowledge and experience their willingness to commit weekends is near uselessThey don’t want our opinion that they should skip trying to wholesale and spend some time learning as a licensed agentThey don’t want advice that has them taking classes at community colleges or learning real estate law, finance, or principles.So WHAT do they seek when they come to BPThey want comfort, encouragement. and to be told their thoughts are correct.

If this tenant is actually a friend, surely they'll understand your position and either pay the higher rent or find another place so you can get up to market rents.

Hi Damon, real estate investing is going to be pretty easy if you find the right team.

Now, when communicating with the tenant I find a specific date on when they will be paying.