Once you're reported to Airbnb as breaking local restrictions, Airbnb will delist you. 

@Mark Cruse and @Nathan Gesner are right on track, as usual....People are all too happy to rain on your parade, especially when they have failed themselves....misery loves company...It's kinda like verifying that they couldn't make it and therefore no one can.

Again, Especially if they’re using a PM and get a pretty little report of all the income/expenses and a 1099.

Has been a huge headache for the bank and insurance company.

@Christian Busch @Khalid Bryan How do you think the changes to the condo association inspection reporting and reserve requirements are impacting the market?

As someone else mentioned there will also be additional expenses when you bring on a property management company.

moving it to an LLC will not do much for you in the way of asset protection OR taxes (double check that with a cpa, everyone's tax picture is different). most people lean towards the LLC thing for legal protection, but a single-member LLC is a thin veil that's easily pierced. you'd be paying LLC fees & paying another LLC tax return prep fee, for what i'd say is nothing. if you do want to transfer the deed to an LLC anyway, you'd do a 'quit claim deed' with a title company or real estate attorney. if the mortgage lender ever says something you'll just give them proof that it's a single-member LLC and the one member is you (the original borrower). 

@Matthew CabreraNAICS codes really do not matterIt will not have an impact on your business - government uses it for reporting purposes but in no way impacts you.Select the one that fits best

My vote: Let a title company do it for you for cheap, just give them the terms and they'll draw up the paperwork and make it nice and easy for you both to just sign on the dotted line.  

You have seen it for 3 years in your daily lives, when you go to the store, or buy a used car, try to buy a home, order parts for your widget company etc…So in summary, prices are here to stay and we need more homes to be built, likely catalyzed by proper incentives / less onerous regulation.