DH, My mom own's a condo in Margarita. Most of her siblings live in Venezuela - I have cousins with condos in different parts of the country. Rio Chico has always been a popular spot.
Depending on how much you are investing - like many mentioned, don't expect to make a fast buck back on it. The advantage is that it's relatively cheap to travel there, to have fun there. The political climate sucks but until you know the locals and understand their culture, stick to surrounding areas.
The advantages is that Venezuela is abundant in natural beauty - a little bit of all climates - too bad they have always had a horrible government.
NOTE - you won't be able to have a US bank account - in fact, when travelling there - best bring cash since you can get a better exchange than banks from the locals. They have a capped limit on the USD they are allowed to purchase yearly, so are always looking to buy USD/Euros - you sometimes get 33% exchange higher than the bank.
Definitely something you'd want to look into + it's a hop & a skip away from Aruba
