I conservatively estimate I could make 2.5X as much running it as an airbnb than a long term rental ($3,500/mo more than if it is a LT rental). The reason I'm looking at doing the hotel thing is because airbnb operators have to get a permit to operate legally, and currently (because the cap is met) you can't get a permit unless you live on the property. Non-owner occupied permits are capped out. So since the property is zoned multi-use, I figured I could go about it as a hotel and not worry about permits. airbnbs still pay hotel taxes here. I would setup the property as a whole house rental (vrbo/airbnb) and manage it myself but we plan on travelling and would hire an airbnb host to manage it at that time if the $ makes sense. If not then I can just do the normal LT rental with property manager thing. There is starting to be some backlash against airbnb in our area, so I want to setup the property as a hotel to insulate myself from any restriction of the airbnb laws.