I'm looking to retire to the Philippines with my Filipino wife in a few years and we are toying with an idea for an income.
We are thinking of buying a few condo's in Manila(? possibly) and then renting them out. I've been looking at prices to buy at and also the rental prices and I think it's do-able to the point where I can assure ourselves around $1500-$2000 USD. Given that we will own our own house and so won't pay rent, i get the impression this enough to live comfortably on.
The question I would ask though, the amount above is before any tax that might apply. What tax, if any would be payable on the income and roughly what rate is it?