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.

Either way, we both win.

A real estate lawyer could easily write you up some type of contract to use also.

One side will cover your PITI easily unless the taxes in KC are strangely high.Do your research, as this place certainly looks like a good buy.Bring all the numbers back and I'll give you my financial view on the place:TaxesSewer and WaterTrashHeat/UtilitiesHOA/LegalCap Ex and OpsInsuranceMgmt FeeVacancy

You don't know how much pull she has, maybe if you win her over it'll help your cause with the boss. 

Also, I'm a hands-off investor, so I find property managers and strictly stick to managing the managers.My goal is to hand off my properties to my kids at some point, preferably through seller financing so that they can get a good deal, I can quit running "the business" to have truly passive income streams, and they can have "passive" income to free up their own lifestyle options.That makes it a win-win in my book.

If that is the case you have a huge potential problem if your exchange was ever audited to show a note and a mortgage (it doesn't have to be recorded but if not can be very easily perceived as fraudulent).  

To WIN the game you have to understand it fully first.If you do not the banks will take advantage.

I think it's a great place that could be easily rented out.  

I think you can handle an additional 5 properties easily with the amount of reserves you have to handle vacancies or CapEx.