Interesting - I'm surprised that there is as much negative in here as there is. We decided to give it a go and our listing went live this week. So far, we've got nearly all of April booked (minus a weekend) and that in itself, totally blew our mind. As it stands, for the rest of April, our take home is $2300 (after cleaning costs) and assuming everything goes smoothly.
Our place is a one bed, one bath downtown and we made the decision to furnish it from kijiji/fb marketplace in hopes of getting it all done for under 2k. We went over budget by $180 because we wanted a proper smart tv and keypad door locks. So, for the first month it will be a wash to recover those costs, but if next month goes the same, we will make more than what our costs are for the unit by approximately $1000.
The only thing that i'm still struggling with is a cleaner. We've got two in our pocket, but someone suggested having three in rotation in case someone can't attend.