STR PotentialWith $40K in annual revenue, reaching $1,000/month in cash flow will require some adjustments.

@Aus Smith if there is base rent and then an extra fee the resident pays for a common utility, we count that as revenue towards a percentage-based management fee. 

The LLCs pay the PM company anywhere from 7-8% of the revenue and the PM company oversees the assets and employees my staff.

what have been the year over year revenue numbers?

So now, the one your targeting has no assets other than operational revenues.

While MTRs might not match STR revenue directly, they’re more predictable with less frequent turnover, which can balance out in the long run. 

I'm KT, a realtor here in Little Rock, and I'd be happy to help you in any way I can as you begin your real estate investing journey.Starting a real estate company to generate revenue is a fantastic goal, and I commend you for taking the initiative to learn and prepare now.

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.

And they wouldn't do it for us as owner occupants because our revenue comes from selling houses (hell - we're a general contractor - thats how we make our money) which was strange but its their rules. 

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?