Yes… But hard without a VAT. Airbnb takes over 45% to pay the taxes and you get charged for all of it, and can not right off the rent. You will need to open a corporation and get a VAT number. Then you can do your own taxes
You will have to see if the owner agrees' to sub letting before you do anything, I actually know someone who caused himself a load of trouble at a condo he had rented, That was in Australia he didnt make the owner aware of what he was doing,