The only efforts taken to sell this property so far have been listing with multiple local realtors and telling friends and family in the area about the condo for sale, offering a finders fee for whoever is able to find a buyer.I am using this opportunity as a chance to practice my ability to market & sell real estate, and perhaps win myself the commission.I am not aware of any central marketing systems in Colombia similar to the Multiple Listing Service, and craigslist doesn’t exist in Colombia either.

You have the willingness so put in the time and effort to learn. 

Obviously this all depends on November's elections, but based on the outcome I can see a very serious effort at overhauling social security and medicare. 

Primary residence: $940Rental payment:  $740Total payments (primary+rental) per month: $1680Rent due: $1340In an effort to increase monthly cash flow, I'm looking into refinancing one or both loans

You couldn’t cut me enough commission to deal with it, and chances are what they can afford won’t be worth your effort. 

As you're just getting started, I would strongly suggest focusing the vast majority of your effort on finding and analyzing the right deal.

If you are not going to do far better than 9% with an active managed RE, then it is so much easier (more passive) to invest in the S&P 500.In my view, actively managed RE should be projecting greater than 15% return (I expect a much better return than 15%, but I do a value add) to be worth the effort compared to more passive investment opportunities.Good luck

Given the time /effort in finding each property and all the paperwork required, somebody suggested acquiring a portfolio.

However, our focus on financing became THE only effort left when COVID hit as the local banks ran for the bunkers.

So yes highly recommed you stay as far away from this scam artist as possible, as he comes across as so genuine and sincere.