I've been in the industry for 6 years, was shocked at the stuff he was saying.

From retail investors with $28 to VC funds to Japanese conglomerates. 

BUT, the insurance industry would not be in business if they paid all claims.

Or you just interested in getting to know more about the industry.

So to answer your question...your gonna hear more bad then good just like you hear more about horrible service in the food industry then good.

I’m new to the real estate industry.  

I'd be very interested to hear thoughts from anyone with knowledge of Colombia and the tourism industry there.

I quit in 07 when the laws were enacted.. you absolutely do not want to run afoul of these.Property Radar app is awesome you can use it out in the filed it will show in real time right on your phone which homes are owner occ or not.. its the most sophisticated Awesome thing I have ever seen in all my years  In real estate I can't see how anyone on the West coast would not have this is they were serious about this industry...

.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.

Just like in any other industry and in life in general, money is the trump card.