I don't live in Panama but I know people who invest there and I've visited to form my own opinion.

Quote from @Josh Darley: I'm in a small town and visiting the jail is easy.

You have some good thoughts here, but if you want some in-depth ideas, look up the Thanks for Visiting podcast and search for bedbugs.

Additionally, I’m unclear on how their ARV analysis is conducted since most properties can be found on Redfin or Zillow — does it involve an in-person visit, or is it purely data-driven using comps and suggested repairs?

I told him I would need all parties that signed the lease to sign a one page amendment taking him off.   

Come visit us second Tuesday of the month in Orlando.

And then there are others that are just pump and dump due diligence schemes.. now when i googled this company their web page came up .. but there is also complaints and a rip off report link.. so i would read all that stuff first.. take it with a grain of salt.then look deep within and ask yourself if with your business acumen and 2 to 3 years of tax returns.. and your fico and your cash reserves can you do a 1 plus deal.

@Adam WimberlyPlease post your STR listing in the Classifieds page https://www.biggerpockets.com/forums/517

You want to visit 1x a month? 

You can also visit the courthouse and get the properties up for auction as well.