Not an uncommon underwriting term I guess.

How long does that take?

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.

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

The trick is staying locked in long enough to see the results.

My wife has a house with a small mortgage left on it and long story short...one of her kids is the other "owner" of the property.  

@Matthew Becker doing short term rentals? 

It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes. 

I have never had a home where I've waiting this long to turn utilities on, wondering if this is the norm?

From what I’ve gathered, it’s crucial to connect with local agents and attorneys since they often learn about foreclosures before they even hit public records.It also helps to keep an eye out while driving—homes that appear neglected or have been vacant for a long time often signal a pending foreclosure.If you're considering this strategy, be ready to move quickly.