Do shop around though and see what you find!

Check out some AirBnb monthly comps in your neighborhood to see if it is worth the upfront furnishing costs, monthly utilities and other expenses like professional cleaning and landscaping. 

Here is an example.

Legal Implications & Ramifications : As an example; the iconic PCH homes in Malibu and many in the upper foothills might not permitted to build back, certainly not to the same extent or materials.

For example, if you keep the total $5,000 or less, you can write off $5,000 when you start the business.If you keep the startup total $50,000 or less, you can write off $5,000 when you start the business and then amortize the reminder over the basically 15 years.If you spend between $50,000 and $55,000, that $5,000 allowance gets phased out.A caution: You need to be solid on the Section 195 stuff.

It's like I'm working on my own personal house, or hauling appliances from home depot to my house and neither of those examples would be business use. 

I've been on this board since 2010 and haven't found an example yet.

For example: If I search within a 0.5-mile radius, but the rental listings or recently leased properties differ significantly from mine in terms of condition, amenities, or layout, how can I still derive an accurate rental estimate?

With that in mind, are you seeing any assumptions that look off to you, with any of those strategies?  

I'll see if I can use some of this because I get almost no Airbnb bookings unless I drop price way low.