(This is what scared me a lot) So in terms of BRRRing here you will need to find burnt down buildings to be able to make it work to bypass the rent control requirements.

A lot of credit unions will lend on 1-4 unit investment properties with great terms.

It may cost you more in the long run.Good Investing... 

I agree with the other contributor that it’s better to own a $1M asset that appreciates 3% per year that pays no cash flow (over the long term) rather than a $100k asset that appreciates 3% and pays $300 a month in cash flow.

As you already know, anything under $65k will likely require a heavier lift in terms of repairs, but that’s where you can create the most value.

Not an uncommon underwriting term I guess.

I know they have a cap at 10.We have also looked at using local banks in the area but those terms are usually 3 years arms to ten year arms and 20 year loans so it lowers cash flow significantly. 

Does anyone have any tips and advice on purchasing property in Medellin Colombia for short term rentals ?

How long have you been in Tampa?

I've done and been a part of many Chicago zoning changes...they take a very long time and a lot of upfront money...unless you are planning to add multiple units and do a full renovation, the ROI is probably not there.