I know that I will need a good realtor on my team that understands not just the market but the real estate investment industry itself.

Airbnb properties can be hit or miss depending on location, seasonality, and regulations.

As for Alexandria specifically in terms of regulations don't take advice from a public forum - look up the laws yourself and make sure you understand them.

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

Buyer had 40 employees and is in the same industry.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

When faced with scenarios like this, it's tough to answer such a specific question with limited information. 

Apply pressure and add economic industry on/to Panama and have them do. 

BUT know your jurisdiction's regulation on screening.

3) What specifically do you mean about needing cashflow proceeds in 2 years?