Certainly a lot of competition, however with awesome service to guests as to owners. 

Hey guys I had a guest complain about plug in air fresheners.

The location of the property was so ideally placed, that we were able to charge substantial premiums per night for guests on airBNB.

This encompasses eleven authorized activities within the real estate sector, including development, construction, leasing, and brokerage.750 Hours Test: In addition to meeting the 50% test, individuals seeking Real Estate Professional Status (REPS) must surpass 750 personal service hours materially engaged in one of the specified real property trades or businesses.Understanding Material Participation:Material Participation: Only hours deemed material to the operation of a real estate business are counted towards qualification.

Your rental income and expenses would end up on your personal return and could net to zero, but not be deductible (unless you have real estate professional status).Bill does have a good idea about living in a residence for two years, fixing it up, and selling it with the exclusion (up to 500k for a married couple), if that was something you wanted to do.  

Pay extra attention to due dates, late fees, pets, guests, and tenant responsibilities

Its an IRS tax status. 

They are worth their weight in gold when the rubber hits the road.

Find properties that fit Airbnb's standards, taking into consideration what amenities they offer, where they're located, and how satisfied guests have been.

To cry out corruption is laughable at this point as corruption is the status quo.