To echo @Tchaka Owen, the 5% interest rate also raises red flags, as it seems too good to be true, unless you have a super low LTV.

That being said, if the rents can really almost double, I would be skeptical of the true risks of the asset.  

But, in the market conditions during my period of getting to $25K and then to $100K, I found this to be true. 

I do agree, its a little to good to be true right now with housing prices. 

Percentages tell you nothing of true value, and they will lie to you in the process.Also, paying off a mortgage using your own money (cash) is foolish and counterproductive. 

I don't see how you know you'll be in an instant equity position, this seems too good to be true and speculative.

Those are a true assets. 

Also, and I'm about to read between the lines a bit and speculate, this part could be inaccurate depending on how my crystal ball is functioning today: Yes, it's also true that >6 financed properties may have a hit, and if your LO doesn't have a lot of experience working with REI, they might not have known or checked for that on the front end.

Was wondering if this is normal or how to go about finding a right property manager who sees the true value? 

@Joe Villeneuve in a true BRRR you buy with cash, at least that what the books stated.