This was a helpful post, as I am considering getting into the rental income biz..however, via AirBnB. There are so many factors and ups and downs with AirBnB, you'd have to be really cool with the risk :p
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@miche418, yes haha definitely need to not be a scaredy cat when it comes to airbnB. I know a several investors that do homeaway and airBnB here in the Palm Beach FL area. It's more work with the constant turnover, but you can make much more $$$ with the short/vacation rentals.
Glad the post provided some value. I've done some others and there will be more to come.