Josh,Well except for the 4 items you mentioned, then it's a walk in the park....

I focus on Columbus, Ohio, which has seen significant growth, especially with tech giants like Intel, Meta, Amazon, and Google setting up operations, driving up property prices and job opportunities.

@David To are you set on Panama City, Panama?

I was thinking having extra saved would help as well.

I'm a newbie as well.

Also be sure to set up word alerts to see when someone posts in an area you are interested in.

The only disadvantage would be that you would most likely not be able to get financing for this property, but if you have the cash to invest, it should work out very well for you. 

Trying to transfer reservations is a huge undertaking and rarely works out well.

And he goes about doing this for a few decades then morphs into this note program and well when the notes cant pay interest the investors right away jump to he is a crook must be a fraud must be a ponzi etc etc..

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.