The site is beautiful and resourceful ...

We are in a beautiful rural area. 5+ year plan to stay here.

Hi @Tara MontgomeryI recently gave a similar answer to a similar question.The beauty of creative real estate deals is you can craft an offer to solve the seller's problems.

A 50x more beautiful single family in Montgomery AL would be priced 1/10 compared to a similar house in CA.

My feeling is, if I wanted a house that backed to a park that is what I bought, and if other people wanted a house on a road, they should buy one and not destroy the neighborhood to put in yet another “luxury” cookie cutter house.I feel the same way about homes that are perfectly wonderful and function beautifully with separate rooms that have tons of character.

It's easy to see why buyers were captivated: Timeless elegance meets modern updates 4 spacious bedrooms 2 beautifully updated baths Over 2,800 sq ft of luxurious livingThe perfect blend of historic charm and contemporary comfort.

Which leads me to Phase Two of this deal. . .My wife is a beauty from Colombia.

We are going to speak to a financial advisor about this.The home is beautiful but outdated and needing a ton of work.

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?

Note if I had purchased in 2022 in my market, I would have done alright due to the appreciation but in my 2022 underwriting I was depicting 0% near term appreciation (I strive for conservative underwriting).You have a choice to either pursue RE or not.