Are you a licensed agent in the state where the property is located?  

I wanted to reflect on my Airbnb's performance in one of my units i have located in Jefferson Park Chicago.I put together the attached analysis to look how my occupancy has bee YTD.I started doing Airbnb in this unit in February of 2017.Curious to know how other peoples Airbnb is doing in Chicago?

It's in a great location, and is really a beautiful property but has just been neglected for some time.

I can't predict national markets; so, I invest to force appreciation and generate cash flow...and invest in properties and locations that are less susceptible to negative market swings.

Located in EverettTerra Property Services - Tom is a one man show but offers a more hands on almost asset management like service.

What locations are you using this strategy at? 

Go to the county government website for the county where the property is located. 

Here are the key data points:Park info  Located in Alabama61 lots25 owner occupied homes18 park owned homes (14 currently rented; 4 currently being repaired and should be rented soon)18 vacant lotsAvg lot rent - $160 (unknown what the market rate is but it doesn't sound like there has been a rent increase in at least a year, maybe more)Avg POH rent - $400Expense ratio - seller claims 26% but I'm estimating 35% for the lots and 50% for the POH'sCity water - individually meteredSeptic - good condition (allegedly); a couple were pumped last year, none this year (no lagoon thank heavens)Seller claims gross income $130k, expenses $30k, and NOI $100kI calculated gross income of ~$135k, expenses of $60k (55% on POH and 35% on lot rentals), and NOI of $75kOther infoMom & pop seller, but park is listed with a brokerPark has been on the market for > 3 years (recent price reduction)Greater metro area stats look goodPopulation = 115kMedian home price = $105kUnemployment < 8%Household income > $40kHousing vacancy ~ 15%Closest Walmart is 7 miles awayFreeway is 1.5 miles awayNumbersMy valuation is coming out about $80k-$100k under the seller's asking priceWith conventional financing I'd be hoping for a purchase price of $500k, $100k down @ 6% over 20 years (not sure if this is plausible or not)Assuming that financing, I'm expecting net cash flow of $40k (after debt service)Upside potential is in raising rent and filling the 18 vacant lotsFollowing the same assumptions above, raising rent $50 (if the market supports it) would change NOI to ~$90k and net cash flow of just over $50kFilling the vacant lots could potentially increase gross rent up to somewhere between $150k-$200k, depending on what the appropriate occupancy rate is for the areaWithout verifying any of the above information (haven't offered anything yet so there's a lot of DD left to do), the deal seems to make sense. 

The potential issue is location.

I've lost about 8 properties so far, and while this isn't great, it's definitely in a good location with plenty of upside.