The pitch was basically $15,000 for 0.5 acre parcel on an under-performing commercial coffee farm his group acquired with the expectation of a conservative 13% annual yield.

@Benjamin ColemanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I doubt 25% down is realistic, it depends on the accurate property financials, which you do not have yet, but if you need help sizing up the loan once you have those financials, I'd be happy to help with that.Good luck, maybe talk to you in six months, bookmark this thread.

This will assist investors in making informed decisions and to potentially identify lucrative investment opportunities.More Accurate Property Valuations: Property values are assessed more accurately when utilizing AI tools as they are able to take into account multiple factors including market conditions, location and the features of a property.

Somewhere around that figure would be accurate.

Full interior rehab was performed.

First you have to interpret things accurately.

A novation on a deal like this would possibly kill your profit if you do any Reno because of the added cost that comes with selling the property (not to mention the headaches that sometimes come with novations) I'd take a look at the numbers again, If the numbers posted here are accurate, I'd pass on this one

We've had all kinds of mixes -- 1/1 condos, 3/2 condo, 2/2 SFH, and 4/2 SFH, and they've all performed well for us. 

This is way too accurate.