Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

Quote from @Matt Weddon: Really what generated this question was a section from Brandon and Heather Turner's Management Book, which has been incredibly informative and helpful.

That's actually one of my pieces of advice for you... learn how to do your own book keeping so you know your P&L in real time at all times. 8) Hard to say without knowing the value of the place, CC&Rs, as well as any HOA fees/dues. 

But I can tell you that on average over the past 3 months we have brought in around 8k and this month over 10k in airbnb bookings.  

If you read Brian's informative book, you will learn that he finds integrity to be #1.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

At that point I dont know investing would make any sense, I have heard scary stories I was thinking about short term rentals but that needs constant cleaning after guests and conpetition is very high my friend spent almost 200k out of pockets to buy a property for airbnb and he got 17 bookings per year....

I did one last year to swap from an “older property” built in the late 1990’s to a new build  I didn’t run out of reasons, but you get the point.

I'm doing tpc compliant texting to motivated sellers to book appointments. 

Michael,   A good book to purchase is "Professional Real Estate Development: The ULI guide to Business.