You don't need to employ a local host to tell you this.
1. Look on your government website under short term rentals it will tell you whether it's permitted. If you live in an HOA check your lease
2. Look at comparable properties in your area to get an idea of pricing
3. You need to speak to an accountant or tax adviser about tax implications
If you want to chat to hosts in your area. Join a host group for your area.