What to expect doing an AirBnB in Austin, TX

[Jeremy VanDelinder]

I have a flip in Austin that isn't selling, and I'm looking at turning it to an AirBnB rental. Anyone hosting AirBnB in Austin that can give me some insights? What trouble should I expect from the city? Have you found it profitable? What kind of cost should I be considering to move it from a (well-done) flip to a vacation rental? I'm hearing that there are many people from the Houston area looking for short-term rentals even this far away.

I already have four traditional rental properties and have done three flips, so I have some basis of comparison, but I'm mostly looking for what is unique about short-term rental in this market. 

[Greg H.]

Please read up on the short term rental restrictions in Austin first.  My understanding is that Austin is not granting any permits for short term rental at this point