Either define a set period of time that you will serve as a manager for no cost and then collect xx% of revenue as a management fee before splitting profits.

Our biggest challenge in the beginning was our on-site manager.

My biggest advice is screen well and place good tenants.

Hi All, what's been your biggest lesson you learned after getting into real estate.

You can't compete against the all-inclusives unless you offer complimentary food and booze or you're cheap, as you seem to be confirming.This being said:1) Properties in Mexico/Cancun trade in USD so you have no foreign exchange risk in Mexico while properties in Colombia are traded in COP, the Colombian peso, which has been tanking over the years, eliminating any hope for capital gains for American investors.2) You can get a mortgage in Mexico but you can't in Colombia so even with lower revenue, Cancun would likely still be more profitable, even if you don't take capital gains into account.3) The political risk is much higher in Colombia, especially at this present time.Is Cartagena a bad investment?

They can;t touch my Wholesaling method.We get the biggest and best deals and leads, so any buyer wouldn't think 2ce screwing me over.Done! 

I am an insider with several of the biggest developers/builders, so I know what there doing next, and next after that, for years coming.

They want to make the biggest fee off of each deal they can.  

Honestly, my biggest hesitation would be that the winters haven't been as good as they normally are for skiing! 

On the revenue side,it seems there isn't much room to increase rents, no central air, maybe an older building etc.