I appreciate it If you decide to approach your tenant about them purchasing the property I recommend you contact a mortgage broker first to let them know what you are considering  Your objective is to get an idea on what the potential rates they may charge your tenant when it's time to exercise the option to purchase. 

I know I can make some cash flow out of the property and I know how long it will take to be able to refinance it.

I was looking to see if there were any Hard Money Lenders in Panama and came upon this posting, do you know?

Just let me know!

If you don't already know him, connect with Michael Cuevas with Acquire Palm Beach - he's a broker in LW/WPB that does a lot with STRs.

I know I can extract cash flow from the property even though the interest rate is not that good i can still cash flow some money and refinance in the future.

I know it is a niche area of REI, and figured that there would be no better place than BP to meet and learn from any investors who have had success in this area.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Keep in mind the neighbors may know who it is that's reporting them if they haven't been turned in before and all of a sudden they're getting citations and the house next door to them just changed hands, but that shouldn't stop you from cleaning up the block.I'm sorry you're dealing with this, at least they aren't your tenants but still a big issue.

if it's helpful to know, the place is a condo.David