You really need to know what you're doing or have a strong management company in place that does.

What made you interested in investing in this type of deal?

The most successful farmers know how to hedge for bad years and those can be powerful tools to protect against downside risk if you know what you are doing.

Know all your numbers very well and I would suggest padding time on market and your sales price. 

Would like to know if this is even worth it?

What made you interested in investing in this type of deal?

At least I know they are "in it for the right reasons". 

I’m also using a 6% vacancy rate, which brings the net monthly cash flow to about $200 and a CoC return of 13.06%.Summary:I’ve created around $50k in equity (difference between ARV of $200k and total investment of $155k).I’ve got about $10k or $18,385 left in the deal (factoring in closing costs).The cash flow is healthy, and the CoC return is strong, especially as a first-time investor.Questions:Does anything look off or could I improve the numbers?

Stuart agree on development deals but on rural acreage that your going to build one home on and there are no real entitlement process to go through other than a permit for driveway and pad or septic permit.. these can and do create some value when done right.

One thing I would mention in here is to know the numbers but know the ARV..