Am I missing something here, or with my strategy is this a no-brainer? 

Let me add the info I missed - the property is located in WA state, and of course I would like to keep the main tenant or actually both and give them a chance for a fresh start together. 

Then they tell me that they could do it in commercial if they wanted to but haven't tried (and thats where the heated discussion takes place because everyone keeps saying that its possible in theory but nobody is doing it successfully) I feel like I'm missing something.I dont mean to sound like a pessimist or a jerk, I actually want to be proven wrong which is why I'm posting this.

I'm just thinking of worst case scenario where there is fire and tenants can't get out due to temporary missing egress on one side. 

We were wrong and though I did not sit on the sidelines (thank goodness), anyone who did missed on on 4 more years of growth in the market in just about every location in the US.

Then net rent less the 16% management fee that then results in the "payout to Homeowner figure", followed by the rest which is already included in the existing breakdown.Question:It seems there are a lot of expenses missing from this payout stub that I can take advantage of and write off.

Patch and repair for an Airbnb. 

What am I missing? 

The City used google satellite images to go as far back as 15 or 20 years to "prove" that all those trees were "missing" compared to earlier pictures.  

If we rented and held the property long term we have plenty of room to build out the modern duplexes that seem to be getting built everywhere around us.Wanted to STR this house but the city has a limit of 60 days and all kinds of other rules so that is out.Have checked and can long term rental.Let me know if I have missed anything to help address this.