Advice – AirBnb a condo?

I'm from NJ and there are some condos in the area that are for $40k-$65k which don't need much updating. I could airbnb them for $50/night and even with 50% vacancy I still should make cashflow. In my mortgage calculation, I included PMI, etc. Am I missing something or is this too good to be true?

More real estate tips at Program Realty Wix site

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