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?

For example, I'm with a local (not local to you) American Legion that is always open to conversations.

Quote from @Jason Varga: Hi all, I am an American expat looking to buy a duplex in Cleveland.

If you go into a DST as an option you want it stable and predictable otherwise might as well look at value add with higher cash flow potential and equity upside.Example if I am looking at  Sams Club to buy all cash for 12 million with my raise that is absolute NNN at 7 cap.

I have all my properties with American Modern and Allstate.  

"They say God made man , Sam Colt made them equal " I believe its a personal decision 

I know there are some folks who rent two units in the sam building separate but also are able to combine them for bigger groups and having that flexibility could benefit you!

Did you know 94% of Americans don't own a single investment property? 

Quote from @Sam Shueh: Anything under 20% is problematic.Wanting income you get a multifamily on the next.Sam, you think a multifamily is a better option?  

I expect rents to go up a lot because less and less Americans can afford a house over time plus folks are far more mobile now so they may be inclined to rent vs buy.