Gutted the floors myself and installed new subfloor and new flooring on entire first floor.

I come from Europe too, and I know it can be overwhelming when you look at the real estate market in a new country and with completely different building technics ( sticks instead of bricks), but is not as bad when you have the right team in place. 

With our structure, the development company owns about 45% of the equity when complete, and I own 50% of our company.So it will be about 22%

If you do place the property in her name, you've got a Gift Tax (Form 709) to complete. 

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

Completely hands off and skipping the "dirty" people. 

HOWEVER, there are two completely separate apartment buildings on the lot. 

For my rehabs, I pull owner builder permits where needed even for work done by licensed contractors.My jurisdiction does not require permits for cabinets, counters, or flooring replacement.  

Put 15-20k into the property for renovations and to renovate the 3rd floor attic space and he told me it just appraised for 155k but you really need experts on the ground who can help you locate these deals and help get the best price.

It's going to need a new roof here in a few years, and new flooring in both units.