People love it there, but the amount of multi families are so few that a triplex can easily go for 3-450,000. 

Should interest rates ever get back to any sort of market-driven interest rates, the house of cards could easily finally crash as many have predicted.The mortgage market is very undeveloped in Colombia, whereby prices are purely driven by supply and demand as they should in a modern capitalistic economy.

Mine can set door codes, message (or call) guests, schedule cleaners, adjust the thermostat, monitor my cameras, & call a plumber just as easily as a local PM can, for 1% of the costI wrote much more about leveraging offshore assistants in this post here.

Please search trending discussions and you’ll find it easily.

TI...aka Tenant Improvements...your future tenant may want to negotiate different terms for the move in, like a few months discounted rent(this could be on top of the above mentioned vacancy) while they build out the place, or some concession for the Tenant Improvements, if you  have an empty shell it could require extensive work to make it business ready for different types of business, think needing to add bathrooms for a gym(dozens of showers and toilets, lockers, etc) or adding a fully equipped commercial kitchen(walk in freezers, special fire suppression, a few extra sinks or drains) With apartments, I rarely have to do extensive build outs or concessions for tenants, even if I have full on renovation, it is almost always replace the old with same but new, ie tear out old kitchen put new kitchen in same place, same plumbing, just new cabinets, and flooring(if you are at all handy, you can do most of it yourself, or be able to estimate accuracy of bids easily).

The reason we liked that idea was we could pay the properties off fairway quickly and build a big enough cash flow by then end of 10 years that we could easily both live on.

I could walk away but he could go through with our contract just as easily.

I know it plays well into the Great American Story to go from Nothing to Something, but in reality we don't typically get any awards for repeating mistakes that could have easily been avoided by following the advice of people "wise in the ways of gold" in Richest Man in Babylon speak.

It's the ultimate first house hack because if tourism even comes back 50% the airbnb income should easily cover your entire mortgage.OTOH, banks don't love counting AirBnB income as income, so that can be an impediment to refinancing if you don't have W-2s, other sources of income, etc.

If they are approved, they can easily transition to make payments electronically via Cozy.As far as ideas for obtaining leases, you could reach out to a few local realtors and see if they'd provide a copy of the lease they use for their clients.