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.

The first question would be if you can offset the rental losses against your other forms of income.The second question would be what is your tax rate.if you can offset the rental losses and your tax rate is 30%, you will get about 30% back for the rental losses.

Born and raised in BC but thinking of investing out of province for my first investment rental property.

This past Friday I closed on my first rental property.

Check out other online guides available here: https://www.biggerpockets.com/guides3.

It's an older home, and it's currently set up as a rental, which I think is part of the reason it's not selling.

Does anyone know if there is a way to do more advanced searches using the MD Dept of Assessments database or perhaps through another online service? 

I am new here in Bigger Pockets and I purchased a rental property in San Antonio, Texas back in 2019 with little knowledge back then, in real estate.

@Kevin Sobilo I have money saved up and it is currently in an investment account, and my spouse earns monthly which I don't want to use for rental investments since the whole of that goes in for running the family. i am budgeting it based on the returns i get from the investments i have in place. 

If you're looking to use short-term rentals (STRs) and bonus depreciation to offset your W2 income in Central Florida, it's possible but challenging due to the saturated market.