That would be the ideal system at this time while keeping my full time job for living expenses.

Hi David, Give me a call and I'll give you a free consultation.Daniel Petrucelli, NMLS#1293074Daniel PetrucelliMortgage Loan OriginatorNMLS #[email protected] Financial, LLC1018 E Guadalupe RoadTempe, AZ 85283NMLS: 42056 / LO NMLS: 15420 / BK 0910215

Rental Rates high seasonDaily range $125-$160 Weekly $850-$950Rental Rates low seasonDaily $105-$120Weekly $675-$800 Residential tower is one of the most sought-after residences in the beach area.The building is an icon and a staple in Panama’s beach communities– particularly amongst English-speaking expats and vacation homeowners.It’s known throughout Panama for its ideal location, breathtaking coastal views, resort-style amenities, and spacious high-quality apartments. amenities include: Direct beach accessRooftop pool and social area with panoramic beach and mountain viewsGround pool and social areaChildren’s poolFitness centerGame roomLow monthly maintenance feesCovered parking24-hour securityOther advantages: Home to an established community of English-speaking expatsA short walk to several excellent restaurants and a mini-supermarketAbout five minutes drive to the major supermarkets, banks, shopping, and more restaurantsJust over an hour from Panama City, largest city and national capitalDeveloper units have long since sold out, and people take advantage when a resale comes on the market.High resale value and reliable rental incomeThe Apartments iconic and high-demand development– occupying an exclusive and enviable waterfront position and filled with lavish amenities.The units, which sit on the 1st, 2nd, and 4th floor, each offer a prize-winning & unobstructed view of the Pacific, and a private balcony fully furnished, with modern tropical-chic décor that suits its beachfront ambience kitchenettes have also been providedNow for the numbers: average monthly rental: $2,200; property mgmt fee $115, condo maintenance fee: $68; Cable wifi $60; electric $60 mo, Rental mgmt fee: 20%; asking $185,000 USDMore detail in terms of Property insurance, taxes pending.

Ideal candidate is someone who is moving states and just needs to get rid of property or similar (divorce, probate, etc). 4) Any tips?

It seems like the ideal situation would be to buy land and secure a "land lease" with a tenant, however I'm not sure how I would go about that process.

@James Wise @Steve Vaughan @Lynn M @craig E @Guy Gimenez @Zach SikesThank you for the responses and suggestions.

This property is located in Southern California so I am not sure what would be the ideal approach to make things go smoothly with the law here. 

I know I need a CPA... its on my list.Schedule E has a list of expenses...

I am interested- just sent you an e-mail!

@Adam Drummond can't comment on the investment climate, but it's one of the more ideal places to live imo.