$350k down/$1.1mm profit before taxes; $350k/$$1.7mm; $1mm/$1.2mm; $250k/$1.1mm.  2-year turnarounds, really 1 year, but an extra year to get Captial Gains tax treatment if you sale.  

There isn't any room to push the income higher other than potential natural appreciation of the rental rate over the course of each lease renewal, which is also generally going to be 12 months.

Airbnb in particular, as a sharing economy-platform, feels more natural with a person's name attached, rather than a corporate name.

I've heard renting 3 bedrooms is a very crowded market so thats why im looking to do the smaller 1-2 bedroom options Im concerned about all the competitions and the somewhat transient nature of the city.

Additionally, there could be tax consequences for you, possibly losing your long term capital gains tax treatment. 

Naturally, my wife wasn't a fan of our rental investments after that experience.

@Ryan RuncheyThe bookkeeping for this specific property will likely be difficult.This appears to be a househack as you purchased a personal residence but also have roommates to help with the rent.As a result, a portion of the expenses as they relate to the house are personal in nature and non-deductible.Items such as real estate taxes, mortgage interest, etc are all pro-rated.On-top of that you are doing the BRRRR which indicates that there is rehab involved.Portions of a rehab are currently deductible, capitalized or non-deductibleCurrently deductible - payment for an area of the home that is a tenant area.

Please keep in mind that "suspended passive losses" or losses that are generated that are passive by nature, will STAY passive losses, and CANNOT be used to offset active income.

It's crucial to align this decision with the nature of your income sources and their respective tax treatments.

Naturally, she refused and the deal was dead.