Anyone interested in starting an Airbnb business in Vizag? (Looking for partners / advice)

Hi everyone,

I’m a 25M working in IT (WFH), earning around ₹1L/month. I’m currently based in Vizag, and my hometown is about 60 km away.

I already own an apartment in Vizag which is currently rented out. Recently, I started exploring Airbnb as a potential side income. I did consider converting my existing flat into an Airbnb, but since a family is staying there, it’s not practical.

So now I’m thinking of starting an Airbnb business separately by:

Renting a penthouse / individual house / apartment

Furnishing and setting it up properly

Listing it on Airbnb and managing it as a rental business

The idea is to build this as a semi-passive income stream alongside my job.

I’m curious about a few things:

Has anyone here tried a similar rental arbitrage / Airbnb model in Vizag or similar cities?

What are the challenges (occupancy, regulations, neighbors, maintenance, etc.)?

Is it actually profitable after rent + setup + maintenance?

Would it make sense to start solo or with partners?

Also, if anyone in Vizag is interested in collaborating or exploring this together (as a side business), feel free to DM.

Would really appreciate honest advice and real experiences 🙏