Mackaylee, Thanks for the response.I have passively thought about that, but now that you mention it, I will seriously look into that as a next step.  

B sells the property in 2004, realizing a gain of $21,000.

I flipped a property several years ago and ended up dumping my gains into an upgraded primary residence.

Would you build a portfolio with long term rentals prior to investing in short term rentals, or would you use short term rental opportunities for quicker profit gain to expand on purchases of long term rentals.

Happy to connect if you're interested in passively investing.

Note that there is a 5% capital gains tax in Panama and you'd also have to pay capital gains taxes in the United States.

That can hurt ROI as well.Mexican Peso has gained about 10% this year against $ so maybe there is opportunity there.How is ROI in Colombia, especially in the big 3 cities?   

Speaking generally, those lower cap rate markets are also higher quality, better tenants and more passive.

I am excited to get started and hopefully gain confidence to pull the trigger on an investment property. 

As of 2024, the bonus depreciation is 60% (subject to change pending the passing of laws) which allows you to immediately depreciate 60% of the asset’s cost.1031 ExchangeA 1031 exchange is a tax-savings strategy that allows investors to postpone paying capital gains taxes upon the sale of an investment property by reinvesting the proceeds through the purchase of another property (i.e. a like-kind exchange).