You can diversify across markets and different asset classesSt Augustine is the capital of short term rentals Not enough hotels, the beach, the city, nights of lights.

If you sense any risk, just pay for a hotel for a few nights.....

I prefer a solid surface, tile or something similar like hotels do. 

Schedule E the piece the IRS put out about moving rental from Schedule E to Schedule C was because someone provided services above and beyond what would occur at a typical rental so they treated it like a hotel.

The restaurant carries their own insurance policies, has licenses, and the property is insured under a commercial policy (which costs a lot more than a typical residential policy).Airbnb is run by individuals, most of whom don't know anything about running a hotel business.  

And even better you can stay so close to home for your first investments. 1.5 hours isn't bad, and if you need to make that drive for a day or even grab a cheap hotel for a night or two that's pretty nice.Best of luck.

Other than unpredictable HOA fees, your unit will be in direct competition with tens of 1000's of hotel rooms.

If a property is considered uninhabitable, the Landlord must provide the tenant a hotel at no cost to the tenant (this much is a preexisting requirement).

They think it is a 5 star hotel

We certainly made that mistake, with both listing-level and group-level customizations.Or there might be some other sensitivity settings you could use, e.g. the weight of local hotels in the algorithm (the default is super low, but in some markets, that's what you want to align to).We've been using PL 4 years now, and it's still a learning curve (and I say that as someone that's spoken in a webinar on behalf of Pricelabs on revenue management strategy).