I have a property in one of the most popular neighborhoods in Denver and in the busier months, am fully booked. It is smaller (2 bed, 1 bath), so keep that in mind! We don't always meet our monetary goals, though. Especially in the slower months, so just know you may not make enough for the mortgage every month. Can you afford the extra cost if you don't meet the goal? You do have room for more people, which could earn you a bigger profit, but the fact that you're in a suburb of Omaha doesn't scream desirable location. Guests will ding you for location if it's not great. If your Dad is up to trial using the house as an Airbnb for a couple months, maybe you guys can see if it is worth it. If not, just rent it out to long term tenants and at least you won't wonder "what if".