If you don't mind could you elaborate a little bit or help me correct my thought process here.

Mind you, I much prefer Medellin, Bogota and Cartagena over Cali.

Would appreciate your thoughts on SFH B/H if you don't mind.  

As for partnering with a lender, would you mind going in depth of why I'd need to partner with them and what the conversation would consist of?

Mind you, I haven't actually talked to any loan officers, so I suppose it could be worth a shot just to see.Still, I'm looking for other ways to get hands-on experience with real estate in the meantime.

Mind you this will be my first investment property.

Or are you determined that you will not take less than $10,000 or whatever number you have in mind. 

Of course it is just reapplying if you change your mind later.Hope it helps and congrats!

Principal balance at the end of year 5 would be $189,258 which you would then have to refi, keep in mind you'll incur closing costs again at that time and rates will likely be higher than they are now.I just did a cash out refi on one of my buildings and am doing a bunch of direct mail to find another one.

I will keep in mind that costs and ROI are equally important.