The Zoom conferences, corporate breakdowns, and ongoing educational sessions, many of which involve seasoned attorneys and industry professionals, are constant.

Ultimately STR here may not work out but we do have a desire to buy in the area.  

To the best of my knowledge, I do not believe that I am qualify for Solo401K but will validate my understanding with my CPA in my upcoming session.3- Yes, you are correct.

You can't just HOPE it will work out - you have to run the numbers.You have to make sure your numbers are realistic.

You can find the deal and work out an agreement with the experienced investor.

@Alex GarridoInvesting in Panama City would work out for short term rentals because you could pay for the holding costs and maybe profit nicely while hopefully the value of your property increases over the long term.Unfortunately, it’s illegal to rent for less than 45 days and personally I’d never suggest anybody gets into an illegal business overseas.I’ve come across a couple rare buildings in Costa del Este who have a permit but, as you could expect, it’s reflected in the price.

I would speak to local banks and credit unions since this is where you might be able to work out a win-win financing solution.

The alternative is to find a seasoned investor in the location where you plan to invest, work out an agreement with them to bring their money, time, expertise, relational capital, systems, etc. to a deal you bring to them, and let them show you the process from beginning to end.

@Bowen Taylor PaysonHi Bowen, this may be a bit out of your area but the Nor Cal Deal Maker Session in Walnut Creek is a great network of people to meet.

You are given about a week or 2 to become familiar with the software and then you get a 1:1 call with Peter Harris for a strategy session to figure out how he is going to be able to help you in your individual situation.