First of all. Don't need to tell me that Airbnb is technically illegal in Thailand! I kinda know that.
I wonder if it's really that profitable to buy a condo in Thailand to Airbnb it, considering the current property prices. The ROI seems not to be very high. There are plenty of Airbnbs for 1000 baht or under, which makes it hard to make a real profit. Thailand is known for it's cheap accommodations, and the only way to make good money here is to aim at a higher-end segment. But again, what would be ROI for a higher-end condo? In my opinion, there are much better options around the world (or even within South East Asia) to invest in the Airbnb business. For example, Vietnam, where Airbnb short-term rentals are more expensive than in Thailand, while property prices may be lower.