Just ensure that your increases comply with local rental laws and regulations. 

Yes this strategy works great especially if the numbers don't work locally.

To get a good rental income, be sure to check who you rent to very well, write a clear rental contract, take a security deposit, make a smooth way to get rent, keep the house in good shape, think about getting landlord insurance, keep talking to your renters, and follow local rules strictly.

I just let Airbnb do their thing and do my normal due diligence on Airbnb guests like asking why they're coming, making sure they have a valid ID and try to avoid locals unless they have a good reason like home shopping

Your answer would be it depends on a million things.Like the specific property, its condition, location to desirable areas, local STR regulations etc.We would need much more detail to be able to help.

Do a thorough market research and consult with local real estate professionals.Good luck!

This is my second year attending and I highly recommend it for all MTR operators.

Look for areas with strong rental demand, appreciating property values and favorable investment opportunities.Lastly, connect with other investors and attend local REI networking groups and meetups.

Right now I'm educating myself as much as possible: reading every REI book I can get my hands on, listening to the BP podcast, I've attended one BP webinar.  

My hope is to begin building my portfolio (probably fix/flips) this year while I continue to work with local investors on helping them build theirs.