You receive fines from the city (DNS) for littering and trash, the police gets called to deal with issues, one tenant moves out, and the PM can't seem to get a grip on this.

And yes, I don't live in Colombia but I try to keep a tight grip in Colombian affairs via newspapers, magazined and visiting at least twice a year. 

Coming to grips with moving from a investment strategy (stocks, bonds, mutual funds, etc) which I am comfortable with to real estate was the biggest hurdle. 

Do I go after a small place first, get a better grip on what I'm doing then go big?

In trying to get a grip of multifamily properties investing, I know with my criteria what I am willing to pay.

I imagine that potential answers would be:1) Buy the home cheaper2) Spend less on renovation3) Get a better grip on the ARV - maybe it's higher than I think. 

I have a good grip on the market and have many financing options.

I think this is my first post.I have some cash (let's start with $25k) I want to put to work (I currently have mostly paper assets/investments at the moment and want to diversify) in either rehab flips (to grow the cash) or rentals (to send me a check each month).I have an excellent "theoretical" grip on REI thanks to a guru course, numerous books, friends who currently invest, and of course BP.

Getting a firm grip on the rehab numbers is most important.At this time, don't worry about your 'cost to purchase' that will come once you know the real ARV and a solid Rehab Est.

Some sellers are coming to grips with the new normal. 26 have lowered their prices since bringing to market.