A bit about the land: it’s in a neighborhood located in a national forest about 40 minutes from a bustling and growing city (Mount Pleasant, SC).

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. 

My other side would say "If you want to control your life, pay the cost, take the risk, buy your own house and have two bathrooms" but that isn't nice, so I try to stick to my pleasant negotiator side. ;-)

The buyer originally intended to use a hard money lender that could not get their third party appraisal done in time to close. 

This isn’t just good news; it’s the biggest monthly leap we’ve seen in a year, and it’s even left the experts pleasantly surprised.Let’s Break Down What’s HappeningHere’s a quick snapshot of the latest trends that show the market's heating up just in time for the spring selling season:- New Listings: Barely nudged up by 0.1 percent to 680.

Pretty much everyone was pleasant and said no worries or asked if I knew someone who had a unit who did.Some time goes by, I end up renting to a single guy, and all is well in the world.

Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.

As Jay mentioned, massive power requirement that will not get cheaper in time, and along with large water requirements for cooling the rack systems, so targeting locations that provides these necessities is key.

Have a pleasant day.