With month to month, you can issue a non renewal (look into you local laws).

Your tenant is going to get a free attorney, mine was from one of the largest law firms in America, they use it as a chance to give younger attorneys court experience.  

Just be aware that asking members of the public to “invest” in your business can implicate securities laws, which you want to avoid. 

I am a licensed Lead inspector in New Jersey for anyone who needs an inspection to get compliant with the new lead law in NJ. 

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.

It’s important to note that entertainment expenses, which were once deductible, are no longer allowed under the current tax laws.

'Ther are three things to be aware of1) The rules and laws and how they might affect your profitabiity (including hidden costs)2) Exactly what are you bidding on..

Obey the law.2.

My family and I decided on Reno because of the low property taxes (that don't reassess on the sale), much more favorable tenant/landlord laws than CA, diversified job growth, population growth, close proximity to Lake Tahoe and the Bay Area, and the overall weather is not as harsh as a lot of other areas across the country. 

I like what Wayne said, look up the zoning laws and get in touch with the city to see if you could build without splitting the lots.