I would do these to current code standards, and other smaller alterations all to code, without gaining permits.

Do I do it all at once?  

It has not been a good experience at all and very time consuming.

Whatever you choose, it’s all about balancing cost, effort, and potential return!

Consider the potential for increased property value and rental income against the additional management responsibilities and possible tax implications.Remember to consult with local authorities and possibly a real estate attorney to ensure full compliance with all regulations in your specific area.Let me know if you need funding for the rehab.Regards,Jackson

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.

At this point it does not matter if they have a presence on google or not as I trust their ability to sift through all the BS. 3.

If the city's requirements are bare-bones but all active rental listings are more elaborate, we go with the market trends to make sure we are competitive & provide what tenants are looking for.

It seems they are remobing all the all the greenhouses and it seems that a big construction project.

Don’t want all of my insurance policies to go up or deal with the hassle due to this neighbors negligence.Worth hiring a lawyer to send a demand letter?