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.

Hey Ryan, Depending on LTV, Loan Amount, Credit and Experience, you can an expect rates from 5.85%-8.9% Subject to points, fees, etc.. $4k in fees is not bad for this loan assuming this is a $100k loan amount.

It's hard to argue this isn't a betterment to the property, thus subject to capitalization.

It is hands down more user friendly than the subject and their customer support chat has been great.

The best we can do is give you the tools to help analyze deals faster, from there real estate is so subjective and often "one mans trash is another mans treasure" so it's really about getting your brain used to looking at these numbers.

Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.

Seller finance / subject to / assumable loans.

Though members still need to keep in mind that moderators are allowed to have their own opinion on subjects that may or may not be the opinion of BP, though most of us will clarify if we are speaking on our own or with our moderator hat on.

you can also run into an appraisal issue as the appraiser will request loan program and may keep the inspection "Subject to" until a permit or approval is given from County.

any income over that which is a combination of W2 and rental income is subject to taxes starting at zero.