I need help! Opportunity in hand but I am fearful

[Bentley McKean]

We have a property manager willing to lease us a single unit apartment for $1600/Month unfurnished. Wifi would be around $50-70. I think we could get it furnished for around $1500. 

There is 3 other single unit apartments in our area on Airbnb for $110/night flat. We do not live in a "destination location" per say.

Do these numbers work? 

Our city says OWNERS are  require to have a business license, and pay a 10% tax on rentals, and a short term vacation rental permit. We aren't technically owners of the property though, what should we do? 

What else aren't we considering? 

Thank you for all replies.