Hey @Erin Spradlin - I talk a little bit about this in my podcast (link below in my signature). I sit on the boards of HOAs where I invest and when I read your initial post I kinda just laughed out loud.
First of all, there is a definite "Us Vs Them" mentality on the part of occupant homeowners against even traditional landlords. Tenants are seen as uncaring of the property, the source of all behavior woes and generally horrible people.
We had a vandalism problem and everybody coming to the board meetings, including other board members, would make comments that "it's probably some renter" and "I hate that these people just come in and destroy our properties and then leave a year later and nobody cares, especially not the landlord".
Then, a couple of months later when the perpetrator was caught and discovered to be a homeowner, nobody apologized for their attitude, nobody had a change of heart and nobody was willing to stand up and state that they were wrong to accuse the landlords and their tenants.
Landlords are generally seen as greedy, money-grubbing jerks who just allow any old rando to ruin the lives of all the innocent owner occupants.
I'm exaggerating a little bit here, but not that much.
The concept that you would come in as not only a landlord but (gasp!) an AirBNB Landlord would send most of them into a tailspin, fanning their faces and clutching at pearls. I already hear about all of the piles of dog poop that are left on every square inch of the community (complete with pictures sometimes). I can only imagine what would happen the moment an AirBNB guest accidentally broke something, was unintentionally loud, arrived at 11:00 at night and made some noise or what have you.
Offering some dirty, filthy money in exchange for increased opportunities to make yourself even wealthier (like Scrooge McDuck doing the back stroke in a pile of gold coins), will not be received well.
Again, I am exaggerating a little bit here, but as I close my eyes and see the pinched, uncomfortable faces of board members and home owners any time these types of topics come up, I can promise you that I'm really not that far off the mark.
Now, this is all reversed if you happen to have a board of directors that has a decent representation of investors on the board. My boards have a 3-2 split on one board and a 5-4 split on the other as an investor/occupant ratio (yep, both are majority investor), but based on my discussions with other people, that is incredibly rare.
They may actually consider what you're asking, but depending on how their rules are written, may have to put it out to a homeowner vote where it is likely to fail for all the reasons I mention above.
The most important reason being that investors don't vote. At annual meetings, the people who show up and vote (or vote by proxy) are predominantly owner occupants with investor/landlords either never opening the meeting notice or just opting not to show/send in their proxies for whatever reason.
Lastly, even if the board did opt to enact some profit sharing arrangement with AirBNB landlords, they are now opening themselves up to a whole host of practical problems.
1. The HOA is now participating in a business for which it is not chartered.
2. The profits received are from a business venture, which makes them taxable.
3. The concept of an HOA opening themselves up to taxation is going to blow a lot of people's minds.
4. In the somewhat likely (ish) event that income from the profit sharing from AirBNB rises to 20% of the HOAs total revenue, they could lose their non-profit status entirely.
While I love your out-of-the-box thinking on this, I think this is an idea that should probably be stuffed back in the box for now.