Given, I'm a nice person and a clean roommate (LOL) but they don't know that.

I tried to estimate 20% higher on repair costs since i do not have a wealth of experience estimating yet, there is some minor water damage, and some heating and electrical that needs to be replaced, which is where most of the expense came from.

We both have high W-2 income and own all our properties clean and clear.   

Another one I talked to requires owners to pay for housekeeping at the end of their stay and a third said you could save money by coming after a guest checks out and cleaning after them yourself. 

My friend scheduled for the electricity to be turned off after the tenant assured them that they would be gone by September 30. 

In our case they'll have it cleaned up within the next year or two, so the timing worked out well.REPS status alone is not substantial a risk of being audited. 

@Dee Mandrekar highly doubtful there's such a big difference between market rent and S8 rent.First off, the GROSS S8 amount includes specific amounts for all utilities - electric, gas, water, trash, etc.We do NOT recommend including utilities in the rent because S8 only pays a certain amount and the owner is then exposed to tenant abuse of utilities. 

renovations, cleaning up the property What was the outcome?

@Dayana Castellon, managing cleaners to consistently set up and clean the Airbnb worth a 5-start rating.

What's the condition of major systems like plumbing, electrical, and roofing?