I looked at a legal 2 family in the bronx. 3 br over 3 br with a 1 br walk in.

It's a walk out (private door) with ample room to make a large apartment down there.  

Most likely, I'd be waiting until Monday morning for him to produce EM in that form, but that's plenty of time for him to walk away from this deal and find another who is not so strict on only accepting that type of payment.

Travel there, walk/drive the streets, get to know the prices of each neighborhood, and most importantly, talk to as many people as you can.

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Next week Thursday a few of us are getting together again to walk through some flips.

I realize it's now hot in the winter but I can assure you it's a lot warmer than where I live.To that end, I think we will be most content with a condo with some amenities like swimming and walking trails etc.  

If everything you have is leveraged to the hilt and you have little in the way of liquidity, you are walking a fine line between prosperity and disaster.

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.

If you'd rather be able to walk to work, the grocery store, and other amenities, renting may be the best bet.