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The plot is around 26000 sf, beachfront, great tourist locationThe build quality is high, and it survived the tsunami of 2004 intactThe place is fully staffed with a manager who's been there for 19 years, with no intention of leavingThe place is one of the few in the area that holds groups (the whole complex is rented out to groups of 12-23)It is currently earning 100k eur per annum with only 50% occupancy (the owner is older and does minimum to market - old website, airbnb, booking.com, homeaway, tripadvisor)The average occupancy of the area is 74% so there is a lot of room for revenue growthThe rates haven't been raised for 3 years and it is due for a 5% rental increaseThe reviews are stellar on all sites, with many repeat clientsThe venue is ideal for weddings, reunions, parties, bdays, etc, and the staff handle everything, including an on site chefWhen you stay there it's like having your own resort on the beach to yourselfOwner will act as consultant for up to 1 year for freeSo, he wants to sell to my husband and I, as his manager and he really like us and know we would keep the staff and concept the same.

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*This link comes directly from our calculators, based on information input by the member who posted.

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*This link comes directly from our calculators, based on information input by the member who posted.I need some guidance on whether I should move on this or let it pass.

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*This link comes directly from our calculators, based on information input by the member who posted.

Do not depend on reviews from the typical homeowners who might have had a handyman/contractor hang pictures, or assemble furniture, or paint a room.A larger rehab project requires skills and subs that don't come with handymen. 

What else should they provide in terms of a "minimum viable" guest experience that would lead to good reviews as they work to spin up their ranking?

Certain items will be need reviewing to qualify with the lender.

Do you review processes? 

That's a computer program designed to review comparable properties in the location by a variety of factors in order to determine what the value is.