Airbnb Rental Arbitrage in Rhode Island

[Jim Lally]

I am currently considering the Airbnb rental arbitrage strategy but wanted to get some feedback from anyone who may be doing this now in Rhode Island.  I live in Middletown near Easton's Beach, just outside of Newport.  This is a popular tourist area with a large number of investment properties.  I would prefer to own a property, but prices are simply out of my reach here.  This is why I thought the rental arbitrage approach may work especially for out of state property owners.  I do have some property management experience with a small 8-unit condo association which should work to my advantage.  

Anyway, any input, good or bad, would be appreciated!  

[John Underwood]

Read past on why this is a bad idea.