Our relationship with them is not ideal, we have already had to serve them a cure or quit notice earlier in their lease term (approx. 1-2 months after moving in) due to multiple, egregious lease violations, however because they “cured” the violations could not proceed with evictions.

You might want to include clauses that adjust the split based on performance or time invested.Potential Risks:Market volatility: The Georgian real estate market might be subject to fluctuations.Regulatory changes: Laws regarding short-term rentals or foreign ownership could change.Currency risk: Since you're dealing with EUR in a non-EUR country.Overestimation of Airbnb income: Ensure your projections are conservative.Renovation overruns: Both in time and cost.Partner relationship: Ensure all terms are clearly defined in a written agreement.Regarding the 70% rule, remember that this is typically used for fix-and-flip properties in the US market.

You can also begin making relationships with property management companies.

In this case, it’s essential to go out and build relationships with those brokers as they often times don't list these properties on central services.

Banks and credit unions can also offer flexibility for investors that engage in strong relationship-building strategies, offering discounts and solid loans in exchange for borrowers willing to use the institution for other purposes (savings accounts, etc.).

This is a case where it turned out good that we have a solid relationship with the tenants.

Build Relationships: They foster strong interpersonal relationships through team-building activities, ensuring team members know, trust, and respect one another.5.

It's a lot of work to find those sellers and if its a sweet deal, most of the brokers will keep them for themselves or a close relationship. 3. 

You need a trusted team and it takes time to build relationships, at least several months. 

You’ll learn about tenant relationships, property management, and the overall real estate process, which will be invaluable as you grow your investment portfolio.Market Research: Since you’re in Long Island, do some research on the local rental market.