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.

Good quick read on several cities that witnessed home values appreciate aggressively during the Pandemic that are now softening.

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We are going to speak to a financial advisor about this.The home is beautiful but outdated and needing a ton of work.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

Would like to create something beautiful and eco friendly.

Both are beautiful States.

I did know of LEADS but not FARM and you explain it beautifully. 

Your home IS in a location that could make it a good STR/MTR given proximity to attractions and it's in beautiful shape so I don't think the operator is pulling the interest/opportunity out of their a**.Attorneys would probably argue with me, but if their LLC is going to rent it, I would still get the individual on the lease or at least a co-signor guarantor agreement so that you have the EIN and SSN for purposes of evictions and collections. 

Good luck "By the way I believe you can succeed in both markets (high cash flow/low appreciation & low cash flow/high appreciation) but best odds are if you are intimate with the market."100% agreed and there are many ways to skin a cat (Sorry to the animal activists) hahaHaving the intimate market knowledge as you mention and an end goal will keep an investor on the path forward.Time is a beautiful teacher and will eventually reveal what strategy was best.Much success