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

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

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

If purchasing all cash do we just accept a smaller COC return?  

Do I do it all at once?  

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.

I certainly don't want to harrass her - she is a single mom like me and I am sure has a lot going on - but I can't afford to foot the bill for all of my mortgages (working on properties 2 & 3 now) if my tenants don't pay...

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.

Advantages: No monthly payments, so all your capital stays in the project.

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.