The house is a 3 family that will be gutted to the studs and rebuilt with beautiful finishes for a modern/contemporary look.  

These are the top things we change:Add a bathroom if you can near existing plumbing. i.e. add a Master Bath if a wall is shared with the hall bath.Update the kitchen: cabinets, fixtures, appliancesUpdate bathrooms: cabinets, tile, toilet, bathtub/shower if neededPut in pergo or wood floorspaint everything inside and outchange any non-modern light fixtures and fans.Don't pick fancy and expensive stuff - you start to get into personal tastes.

It needs floor refinish and paint on the main level and some light remodel/modernization on the baths.

I want to be able to donate to any charity and help others make a significant impact on society.

I'm a CCIM and a member of the Society of Exchange Counselors.

Rental Rates high seasonDaily range $125-$160 Weekly $850-$950Rental Rates low seasonDaily $105-$120Weekly $675-$800 Residential tower is one of the most sought-after residences in the beach area.The building is an icon and a staple in Panama’s beach communities– particularly amongst English-speaking expats and vacation homeowners.It’s known throughout Panama for its ideal location, breathtaking coastal views, resort-style amenities, and spacious high-quality apartments. amenities include: Direct beach accessRooftop pool and social area with panoramic beach and mountain viewsGround pool and social areaChildren’s poolFitness centerGame roomLow monthly maintenance feesCovered parking24-hour securityOther advantages: Home to an established community of English-speaking expatsA short walk to several excellent restaurants and a mini-supermarketAbout five minutes drive to the major supermarkets, banks, shopping, and more restaurantsJust over an hour from Panama City, largest city and national capitalDeveloper units have long since sold out, and people take advantage when a resale comes on the market.High resale value and reliable rental incomeThe Apartments iconic and high-demand development– occupying an exclusive and enviable waterfront position and filled with lavish amenities.The units, which sit on the 1st, 2nd, and 4th floor, each offer a prize-winning & unobstructed view of the Pacific, and a private balcony fully furnished, with modern tropical-chic décor that suits its beachfront ambience kitchenettes have also been providedNow for the numbers: average monthly rental: $2,200; property mgmt fee $115, condo maintenance fee: $68; Cable wifi $60; electric $60 mo, Rental mgmt fee: 20%; asking $185,000 USDMore detail in terms of Property insurance, taxes pending.

The modern trend, from what I have read, would be to use an L.L.C. rather than a Partnership. 

Since it has been updated, it will be a great, modern rental.  

Much of our modern mortgage concept traces back to the middle ages right after the Roman Empire collapsed.  

It just needs some improving to make it look at little more modern.