The goal is to have a multiplier effect by having multiple properties cash flow.Example: I have a free & clear unit that cash flows $550 after taxes/insurance/maintenance.

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.

Note that I haven't closed with them (ending up going another route on that transaction).Lynn RiveraDesignated Escrow Officer, LPOEscrow Services of Washington, LLC14205 SE 36th Street, Suite 100Bellevue, WA 98006Tel. 425-242-8026 | Fax [email protected] BerryDes Moines Escrow Inc22024 Marine View Dr S # 201Des Moines, WA [email protected]

What do you think is most effective?

The end buyer is in effect your funding. 

I was called the CONTRACT PURCHASER ( even though the title better suited my end buyer). 

You can still be sued but your ability to operate effectively or defend yourself is reduced.It is not difficult to get authorization to transact business in another state and you should take that seriously.Message me if you have any questions.

I'm trying to get my fellow millennials to follow suit.

Depends.Was your mortgage recorded prior to the foreclosure suit being filed, and contain the proper mortgagor name and property legal description?

Must be efficient in Microsoft Office Suite and QuickBooks.Light bookkeeping using QB, general office duties, maintaining client files, running errands, creating flyers for properties and other announcements.Able to Multi-task and work efficiently.Must have excellent oral and written skills to correspond with clients a must!