What I seek is knowledge and advice on my current situation.

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Hello,I am new to investing and I lack knowledge of how to use my passive losses from rental properties. or more than lack of knowledge, I just don't think my CPA knows this topic well.  

Running title on a Deed in Lui is to those of us that trade in the bizzness common knowledge but agree you take a mom and pop starting out..

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.

But without a slam dunk case, suing someone is usually more costly in time and money than it's worth unfortunately. 

Any knowledge on this would be greatly appreciated, thanks! 

Remaining focused allows you to develop market knowledge and to build better relationships.2. 

This is my first Airbnb project and would appreciate any veterans here to give some tidbits of knowledge!