It's worth noting that both counties aren't typically on the "wealthy" lists; in fact, often quite the opposite.

There will be many others who will have much, much more in wealth through long term appreciation but I enjoy where I am and I don't plan to be super wealthy with a huge portfolio. 20 cash flowing rentals will give me a very comfortable life.

I think its only been this BP dream that goes on about living on rents.. thats not a common thought out of these circles. of course investing in real estate getting it paid for and APPRECIATION is were wealth is created..

Generally speaking, the buyers in the USD market (foreigners and wealthy and upper middle class Mexicans) want a new or turnkey property and don't want to have to do renovations and they prefer new properties over properties that have been renovated.

Wealth is built through appreciation which doesn’t appear to be a factor in your calculation.

But the real wealth is made in the equity gains!

You want 500k or 25k a month :) Wealth is BUILT not flipped.

The wealthy from Panama City who generally have their own place and don't need to rent or want a much bigger and luxurious place when renting?

But being in business and claiming you don't care if people support you or your business...well, maybe you're independently wealthy at this point and don't have to care.

The trustee is very smart and experienced, is wealthy, and has shown past deceptions that are self dealing.