@Joe FergusonThe 30-acre land parcel with subdivision potential offers owner financing, high ROI, and flexibility, but requires substantial capital, time, and expertise.

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?

You can also do a cash out refi with a DSCR (I'm in the process of doing that now) and reclaim some of your capital (75% LTV is what I have). 

If you are interested in investing in the U.S. market I think that there are better options depending on how much capital you have available and what level of involvement you are looking for.

For background I work in Capital Markets at a commercial real estate mortgage bank and I am a fully licensed real estate sales broker in NC.

They teach you how to raise capital from LPs while the GPs who are not required to incur debt manage the asset.

These loans often have more straightforward qualification requirements for investors with multiple properties but may have slightly higher rates.Cash-Out Refinance on Your Single-Family Rentals: If each has around $70k in equity, a cash-out refinance could provide some capital for the down payment, renovation costs, or even help you buy the 4-plex outright.FHA 203(k) or Conventional rehab loan: If you’re planning to occupy one of the units as a primary, FHA’s 203(k) loan or a conventional renovation loan could help with purchase and rehab costs at lower interest ratesPortfolio Loan: Some local banks may offer portfolio loans for investors with multiple properties.

I do think this is a great way to get started with a fairly small amount of capital assuming you make enough to obtain the loans.

Hi @Heath Shepard,I don't have any personal experience with RP Capital, but which specific market is the duplex in that you're considering?

I am going to get hit with capital gains and state taxes(Idaho 5.8%)..closing on cabin on the 18th of Nov.