I was reading another thread on the MMM forums about airbnb, one of members recommended a blog that had a pretty detailed experiment where the owner had a condo that they were renting as a standard rental that they then turned into a airbnb rental. The experiment was to see the differences in income for airbnb rental income vs standard month to month lease. The owner noticed he was earning %50 more on there investment. The example was a $1100 month condo she had been using as a rental property, then when she used it as a airbnb rental her profits went up $500.
http://affordanything.com/2014/05/27/the-airbnb-experiment-how-much-did-i-make/So why not skip owning the property all together. Lease a condo or house for 12 months,disclose your intentions. Then rent the place on airbnb.
Upfront costs to lease a $1100 month condo for 12 months
$1100 security deposit
$1100 first months rent
$1000 to hire moving company
$2000 worth of household essentials(furniture,dishware,linens etc)
Total
$5,100
For a $500 month income you will manage 1 house cleaner and answer some emails. This seems to simple, what am I missing?