We are leaning towards putting an addition on the back of the house changing up the configuration and turning it into a 2/1.

We're in the same ship.There are three possible designations on Airbnb: Admin (CREATED THE LISTING), Primary Host (FACE OF THE LISTING), and Cohost (HAS MANAGER ACCESS).Feel free to book a consultation at wishstr.setmore.com if you wanna get really in depth about configuration.

@Andrey Y.Learning to use Quickbooks is pretty easy once you have the software configured for your business. 

All in different configurations.  

You would need to work out whether or not the expense of holding the license makes sense if you're not actively using it.Thanks for the info - I can never have enough actual rental and price info :)We've currently have three configurations of property that will cash flow at current market values here in Nanaimo.

And yet the neighborhood around it is going up, so we can capitalize on either a complete remodel or making it a tear down in the future.Its not so much about comparing what we like to do vs a long term buy and hold, but rather we have a long term buy and hold with multiple outs.So for instance (a real example), we bought a 3 bedroom with a weird configuration, some odd things like 7 inches between the lower and upper cabinets in a transitional neighborhood right near downtown.Purchase price was $180K, 2,700Sqft, the house most recently had rented for 1,300/M.......Although it was configured as a SFH, the property is zoned MF.We put in about 30K to turn a loft into a bedroom, added a couple of closets, closed up a door, painted, put in some flooring,  redid the privacy fence,  etc etc. 

I'm not sure how to configure the keyword(s) so I'm only notified for the city in my state.Appreciate any assistance.

And many of the more aggressively configured offerings are coming under pressure and have stopped making distributions, required unplanned capital calls from investors to avoid default.So I personally wouldn't consider investing in either of those two sponsors.

With AirBnB, as far as I know there is no tax line item in the quotes, so you must configure that into the nightly rate.  

We waver on whether to list it as a 2 bedroom or 3- it IS three true bedrooms but the third is quite small and would fit just a twin bed or a desk based on the configuration.