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 not, there may be private money sources that can work for you.  

Hard/Private money is great if you find the "right lender" and terrible if you pick the wrong one.

I would suggest speaking with investors in your local real estate investor association group about private lenders.

Anyone out there with experience using foreign private money, for example AUD, and how you handled the risk of currency fluctuation?

Even the best tenants need time to privately discuss the pros and cons of the place, then go home and look up old landlords' phone numbers, etc.

Is there a way to arrange a private deal with the retiree and pay him back directly over time if he agrees?

Repair the house with private money (no serious repairs only updating)3.

At a certain point the cost of private schools and constant rent increases and moving is weighed against the appeal of owning a home in a safe suburb with good public schools.

Many wholesalers, developers and private sellers from around the United States and around the world use me as their international marketing partner.I have sold properties in every continent of the world and have clients in all time zones.I am a member of the National Association of Realtors and I am a Certified International Property Specialist (CIPS).Having clients from all over the world I am well versed at cross border communication and knowledgeable when it comes to cultural differences.Iain Stewart