My gut is telling me to complete the license even though I don’t have a deliberate plan drawn out yet. 

It appears you either didn't read the part of my reply that explained why the cite was germane, you're deliberately being obtuse, or you just don't get it. 

If for some reason he's deliberately being a pain in the ***, offer to give him some negative google reviews. 

@AmberGonion - Great point and I didn't realize they would be around that price PSF along with spending that type of money in east SP.Due to its age and further deliberating I may just proceed with demo so the vacant house extra tax will be removed from the tax roll and wait for either prices to come down on the rehab/contractors end or the housing market to stabilize to see where these ARVs end up in 12-24 months. 

I did a search of US banks in Colombia and JP Morgan chase / Citi came up.You may also want to see if there are any relationships that Colombian banks have with US banks to make the process of exchanging money much less.You may also want to reach out to a lender / title company in the US and ask how most foreign investors fund the deals.Best of luck.

It’s no different then buying a FSBO with an agent, just more deliberated. 

Hey,I am deliberating on buying a rental property, either a single-family home or either a multi-family, both can an 80-100 years old.

That's a pretty big jump in rent so it shouldn't be a decision that requires a lot of deliberation.

So here's where I deliberate.

Deliberately have a few challenges in your screening process - it will weed out "entitlement mentality" problems4) Allow payment plans, but create system to track when payments due, so they don't keep falling further behind You will need to call them on due dates or they will fall further behind Be prepared to give a strong NO when asked if you will change rent due dates to "make it easier" for tenants to pay rent based upon their SSI or paycheck dates.