Would never allow anyone to move into a home without applying and be formally added as occupants to the lease, hopefully the lease also holds all occupants/tenants equally and severally liable for the lease. 

Our lease also clearly states that every occupant must be listed on the lease and they are all equally and severally liable so that if 1 of the 3 doesn't pay rent, or just abruptly moves out, the other 2 are still fully responsible for all terms of the lease. 

Overall, Panama is a great place to invest, but not all investments are equal.

Having a team in place that understands the laws, inspections, etc. was crucial for me.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

The key is finding the right market and building a team you trust—this could include property managers, contractors, and real estate agents who know the local area inside and out.Forming a Team: Building a team for out-of-state investing is crucial.

Actual and sweat equity is never equal.

It’s also crucial to have a clear exit strategy, whether that’s flipping, renting, or selling.

Fix and flip projects can be really rewarding, and securing the right funding is crucial. 

If you have plans to scale beyond this deal, then it's crucial to network to the local banks.