I bought 3 non-performing with 2 other partners.

Tulum has beautiful beaches, trendy restaurants and shops, and eco-friendly resorts that make it very popular.I'm wondering if anyone has insights into whether something like this could realistically be developed in Colombia?

In addition, services performed as an employee do not count unless the employee is at least a 5 percent owner. 

Real estate often appreciates in value over time and tends to perform well during inflationary periods.

Depending on how bad the walls are, you are absolutely right, magic erasers vab perform miracles.

This is a great opportunity to conduct an annual walk-through inspection, perform minor maintenance, prep for winter, etc.

For example:General-Filters (furnace, air conditioning, oven exhaust, refrigerator, and water)-Stove burner when the “eye” needs simple replacement-Batteries and remotes that service the premises-Fan and light pull strings-Smoke and carbon alarms testing and batteries-Ensuring appliances are properly plugged in, hooked up, and used-Removing dirt, debris, and lint in and from connection pipes (e.g. clothes dryer)-Tighten loose screws on all home functions (e.g. doors, hinges, handles, socket -Balancing off-balance appliances-Cable, internet, and phone jacks-Fire extinguishers-Systems operation (e.g. security, irrigation, HVAC)HVAC-Monthly A/C filter and drain line maintenance Electrical-Reset “tripped” GFI breakers-Light bulbs (throughout and at the end of the tenancy)-Blown fuses-Reset breakers in the outside and inside breaker boxes-Socket and plug outlet coversPlumbing-Unclog drains or toilets-Caulking around tubs and showers as needed-Gas pilot lighting-Leaky faucets and shower heads-Toilet flappers, handles, seats and seat lids, tank lid, and flush kit-Sink and tub stoppers-If septic tank present, use RID-X as directed on consumer box-Proper cleaning of garbage disposal-Loose faucets and sprayer heads and hoses-Faucet filters (i.e. aerator)-Open exterior plumbing clean out when necessary (e.g. sewage backup)Exterior-Routine lawn (and pool) maintenance-Adjusting sprinkler heads as necessary-On the last month of tenancy, tenant must perform required lawn maintenance no sooner than 2 days prior to vacate dateThere’s a lot to consider as a landlord.

Would like to create something beautiful and eco friendly.

Buying small dollar non-performing notes and working (hard) to get them to reperform is a good way into the business -- if your friend has the time.

how has your property performed?