Allen Asked About 10 Year Visa, and Want to Live on 500, Maybe Ecuador, Wants to Avoid Heat of Texas
Panama issues you a 6 month tourist visa when you enter the country. You can easily take a bus to the Costa Rican border and renew your visa every 6 months, but you will need to stay out of panama for 24 hours.
Panama requires you to show and plane ticket leaving the country(a bus ticket will not work) and a bank statement showing at least $500 or just $500 cash in your wallet when you re-enter. Costa Rica will charge a $7 exit tax when you stamp out via Paso Canoas.
I hope this information is helpful to Allen if he considers Boquete.