Outrageous considering we can re-roof and reside cabins by contractor without hitting a 10k deductible.

Managing contractors and verifying quality of work/timelines can kill a deal.

I'm no expert on Florida contractor license law but from what I've read statute 489.533 covers abandonment.

I plan to hire a general contractor but would like to understand the basic process.

You need to build really strong relationships with a Real Estate Agent and contractors. 

If it's going to be your first investment out of state, I would tell you to build a solid team of your CORE 4: with a good Real Estate Agent, Contractor, Property manager, and attorney.

Never sign a contract or put any money up until YOUR Panama attorney has done a complete title search and YOUR Panama attorney creates the purchase contract.   

Yes they can do averages based on what they saw on the last three remodels. but have zero clue as to the little nuances that pop up on every job.I would find a good General Contractor and pay him to help you with this.

Not only will you get to enjoy the best views and accommodations, but you’ll also be saving money compared to current prices.

I really want to do things differently to maximize profits, help contractors, and track all expenses & data for each property.