Determining Airbnb Feasibility

[Dave Poeppelmeier]

I have heard great things about Airbnb and short term rentals. I live in a suburb of Toledo, OH and have come across a property that has a great 3/2 house that would be a long term rental, but on the property it has a separate building with a 1 bed/bath apartment above a finished garage with a full kitchen that would be a fantastic Airbnb. However, when doing some looking there aren't too many Airbnb in my area. I would think there would be demand since it is close to highways, population centers, The University of Toledo, and hospitals and it's in a nice quiet neighborhood. How have people determined location and pricing if there isn't a lot to compare to?