And while there are a ton of people on these forums and social media that I would never trust my money with, there are also a lot of people/companies that are on social media that are great operators with long track records.If you are not going to go that route, I recommend you start hitting up local meetups and REIA groups.  

So I sent an offer in a condo that was priced for a great price great location all the appliance and bathrooms are brand new..

You do not state what is actually "breaking" with your systems, but AC's generally last longer than many other appliances when they are properly and regularly serviced.

What are the operating expenses of running the Airbnb?

We include real expenses accustomed to STRs so you can see the actual operating costs.

DSCR = Net Operating Income (NOI) / Debt Service (Annual loan payments).

Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?

I'm an operator who works in a few markets and one of my virtual assistants pulls data and comparable properties from Furnished Finder, Airbnb, and other sources for data.

It is essential to have a great connection and clear lines of communication with your CPA to continue your investment ventures' smooth operations.

I have invested in or funded (equity & debt) thousands of units in dozens of states with or on behalf of a variety of domestic and non-U.S. private equity funds, family offices, and institutional investors, and also co-founded / operated several businesses.