I dont think it is, @Melanie Baldridge feel free to jump in but foreign assets like this usually follow the tax code from that country.

I do know I can do a series LLC in one state and register if in FL as a foreign LLC but wondering if it then amounts to the same amount of work and costs.  

@Chris SkeatesWe have partners who are foreign investors.

Also check in with @Joseph Chiofalo he handles a lot of our foreign national and international mortgages.

PS Rochester and Buffalo were ground zero for much of this stuff also there were groups buying those homes for 10k packaging them up and selling them for 80k to investors from England. the city / state finally cracked down on that and there was some folks that got in trouble on the criminal side of it.. you can google it.. wont mention names but you can find it if you dig deep enoughBut this is nothing new.. buying hood rates for pennies and selling them for dollars to foreigners and unsuspecting out of state folks. 

There is a very big expat community and the locals here are very kind to foreigners. 

My boyfriend is a foreign national with an ITIN number, US address, and an AMEX in the USA, but he is not a US citizen, so a lot of the times, he is not offered good loan programs.

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.

Justify it how you want, but you're making him throw TP in a trash bin like this is some foreign country.Fix the plumbing, if it can't handle TP you don't want to learn how you'll fix it later.Those costs you complained about you charge to the game.

You can register any State's LLC in any other state with a foreign Entity Registration with the state you want to do business in.