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“Earn dollars, spend pesos, that’s a very attractive proposition these days,” Patrick SpanfelnerJust 4 hours away from Miami, Cali is the 3rd largest city in Colombia. With an amazing climate year-round, exceptional nightlife, and entertainment, it's the go-to place to live a high quality of life at a low cost. For investors, Colombia doesn't have any restrictions on foreign ownership. There's a great pool of inexpensive contractors, architects, and so forth, and affordable service. Add to that the possibility of a 10% profit after costs and the luxury of soaking up the tropical sun and investing in the emerging Latin market sounds like a great opportunity. But investing in Colombia or any Latin foreign country can also have some big drawbacks. So, how can you take advantage of the short-term rental investment opportunities in Colombia without the risks? Patrick Spanfelner has been living and investing in STR real estate in Colombia for over seven years. His current portfolio includes over