Turning a primary residence into an airbnb.

[Ethan Clay Lesperance]

I recently moved to a home i was going to flip but decided to keep and make it my primary. I have a conventional 30 year loan on the old house(lived there for 2+ years) and private loan on the new one for now. Anyway, im planning to turn the old one into a 5 bed 2 bath airbnb. Is this ok to do while having a conventional loan? Is insurance going to be a problem? Do i need to inform the lender and my insurance of my intentions?