My tips:
1) I can't express how valuable the Community Center was for me as I was preparing to list our house. We spent over a year working on it, and during that time, I spent countless hours reading the Airbnb website and reviews of Guests and Hosts to learn what was important, what bothered Guests the most, and what Hosts could expect to hear from Guests.
2) We lived in our second home (which is my family home in the mountains) for 3 months, while we were working on it, and every day I asked myself, "What would a stranger think of this place? What would they expect, and what would be a wonderful surprise that would be extra special?
3) Think about convenience: Do you really have to make your Guests use a key, rather than an keypad with a code so there is more flexibility? Provide sufficient supplies so guests really can cook a full meal with those 6 or 8 Guests that you've said your house will accommodate.
4) Talk to your neighbors in advance. Don't surprise them -- tell them of your business plans and that you want to here from them if there are problems -- think of how you can calm their fears or anxiety of having huge groups of people traipsing in and out, partying all night long, etc. Our neighbors were concerned, then learned there was nothing to be afraid of.
5) Remember this is a business. Do NOT start doing favors for Guests; be empathetic, be kind and respectful, surprise them with a special touch here and there, but do NOT go out of your way for unreasonable favors. If you have a Guest who needs you to drive them around - you don't want that Guest. Don't be so hungry for money that you take in a Guest that your "gut" tells you is more trouble than their worth. Trust your gut.
6) Don't be scared. We were scared to death at first -- But, we've had a great time -- and yes, it IS a lot of work (we do all our own cleaning, otherwise there'd be no point to this business), and we've met and come to know some great and fascinating folks. We've had nearly all really positive experiences.
Have fun, and Good Luck!
Lois & Darryl, Mountain Haven