Was that something that went into consideration on your multi families?

One consideration I'm aware of is what class the neighborhood is.

When you tagged me to correct my suggestion, it was halfhazard and didn’t reflect a considerate reading of what I had written.

Since you bought that first lot, the peso has declined significantly more compared to the USD so doing that again makes sense.While property prices have been going up strongly in Colombia due to the great economy, rising middle class and exploding tourism, prices are dropping for Americans because of the fall of the peso.Like everywhere, there are several ways to make money in the market.

Just a side note: take into consideration each part of your potential tax liability including the 3.8% Medicare Surcharge Tax.

But I do encourage you to shop around because pricing on Management services here in Surfside, Garden City and the Myrtle Beach area vary considerably.

When you take into consideration all of the 10 years of knowledge and experience that I learned in 3 months the $10k seems like a bargain.Additionally, I am able to leverage my mentor's brokers, bankers, etc.

Cash flow is generally better with the MFs from what I have seen though, and you eliminate a portion of the risk as far as vacancy factor is concerned - so that is a good consideration to think about.Pretty standard practice I have seen these days amidst Covid is for the tenant occupied properties to require contract before showing, just to eliminate a lot of in-and-out out of respect for the tenants and their families.

@Mark DavidsonHere are considerations in choosing a Solo 401k provider and bank to provide the account:Solo 401k Bank Account Considerations:Here are some general considerations:If you want access to bank checks, a debit card and/or the ability to ACH funds out, you will need a bank, credit union etc. rather than a brokerage.There are 100s of banks and credit unions that have opened accounts for a Solo 401k.Keep in mind that the bank's role is limited to simply providing the account (i.e. no tax reporting, no recordkeeping, etc.) such you may wish to de-prioritize familiarity with Solo 401k plans and focus on other things that are important to you (i.e. branch locations, fees, etc.).If you want the ability to invest in stocks, mutual funds, etc., you will need a brokerage account.Many brokerage firms will open "free" accounts (i.e. no setup fee, no maintenance fee), which will also come with checkbook access and the ability to wire funds out such that they function as a "hybrid" between a bank and/or brokerage account.If you are looking for names of banks that open bank accounts for Solo 401k plans, there are many banks where we have received positive feedback including Wells Fargo, Bank of America, PNC along with local banks and credit unions just to name a few.

It seems they use several criteria, some of which are fairly minor considerations really.