I'm interested in Airbnb arbitrage but analyze: what are the risks? Map arbitrage model: rent apartment, sublet on Airbnb, profit margin. Calculate: rent cost + furnishing + management vs. Airbnb income. Show me the arbitrage risks: lease violations, market changes, occupancy rates. Give me the reality check: these risks, this profit margin, is it worth it? Include: whether Airbnb arbitrage is legal in my area, what risks exist, and if profit margin justifies risk.