If you decide to move forward with them I highly suggest you alert them to the fact that you will be recording all phone conversations, and do just that.

A high-quality company will be on top of their KPI's and their numbers will match.

It almost seems to good to be true to be able to get the same returns as a Certificate of Deposit.https://finance.yahoo.com/personal-finance/best-high-yield-s...

The high bidder by definition may be overpaying for the property.

Would highly appreciate it!

(FYI, We are trying to build a small (5 to 6 properties), high quality portfolio in the next 5 years, planning on putting 25-30% down)The investment opportunity in question is a new build, single-family home with a 3-bedroom, 2-bathroom layout, accompanied by a 2-car garage, located in the neighborhood of Wesley Chapel, FL.

I highly recommend starting by tuning in to the BiggerPockets podcast.

I would never trade highly destructive tenants for cash flow. 

Then watch the comparable properties and see if they rent quickly (priced too low) or if they sit on the market (priced too high). 

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.