Anyone had success with Air BnB in NYC?

Hi all, I'm still new to all this and have lot of questions. I'm wondering about buying an investment property in NYC, mostly as an investment but also because I used to live there and am still quite attached and visit often. I'm sorry I sold my apartment when I left and never would have if I'd known about BP! 

Anyway, now I'm curious about buying another apartment there to use as an Airbnb and also as a place to stay when I visit. I'm wondering if this is possible, especially the Airbnb from far away since clearly I'd need a company to manage that. 

Thoughts?