Airbnb Investors Success/Fail stories? Worth it for Phoenix?

[Ibrahim Yamini]

These questions are for all Airbnb owners, I just had a particular interest in Phoenix and other Arizona Airbnb locations

When I was overseas I met a contractor who told me they had an Airbnb in Phoenix.  He did mention that he put about $80K into his house but he was shocked at house much money he was making monthly.  I think it was roughly about $4,000 a month net.

I could buy a property and furnish it for an Airbnb, but the second part would take away from any “cushion” money so I’m not interested in owning an Airbnb at this time.

I would like to to turn my second investment property into an Airbnb eventually though.

What are good Phoenix locations for an Airbnb?   Is it profitable especially with coronavirus?

Is it better to have a tenant paying rent or hoping some will rent your Airbnb?  Seems like it could be lucrative, but needs to be done correctly.

Do any of you own Airbnb properties whether successful or unsuccessful?   Where did you succeed? Where/Why did you fail?

Failure is a great teacher so I like to know both sides if at all possible.