Rental income would be $12-14k per year, so your netting $1500-3500 the first year before lowering the interest cost over time and increased rent (rising at 8% per year).So for $0 out of pocket you get another unit, equity growth(over time), income that grows and you created a unit of housing that didn't exist before.

Any feedback/updates since this post was created? 

Think about it, on a simple level, you can create a workflow for AI and how it should interact w/ inbound leads on your website and the AI can communicate and ask those people certain questions and then at some point do things like set up a appointment based on a specific answer after making it through a conversation (like funnel).

*This post does not create an attorney-client or CPA-client relationship. 

Consult a real estate CPA or tax attorney to assess if the benefits outweigh the fees and risks for your situation, and consider alternatives like 1031 exchanges or installment sales for simpler strategies.This post does not create a CPA-Client relationship.

I want to create a checklist for myself next time! 

Prioritize financial stability before scaling your investments.This post does not create a CPA-Client relationship.

Quote from @Charlie Martin: Hello, I’m hoping to buy my first property next year, and am wondering if I should create an LLC to do so.

Additionally, I’ve been wondering if it might be possible to create an LLC, rent my house to the LLC through a formal contract, and then have the LLC operate the Airbnb.

It seems great on paper because you were technically creating more income but you are also creating more of a headache...Cramming in bedrooms and forcing living space is not always the best way of going about things.