Build a cautious budget for purchase or rent, finance, utilities, cleaning, repairs, platform fees, insurance and tax. Model quieter months and leave room for things going wrong. Revenue is not profit.
One practical next step.
Work out your break-even nights using net income per stay, not the headline nightly price.
This information reflects my experience and my understanding of published guidance. It is provided for general information only and should not be treated as legal, tax, planning or financial advice. Regulations can change, so always check the current official guidance.