I have used two companies, and while they are both more expensive than regular insurance, they have extra coverage that is specific to STRs.  

Based on all the facts and circumstances, you participated in the activity on a regular, continuous, and substantial basis during the year.

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. 

We have clients that have used FHA regular and 203K loans in areas that they would not necessarily want to live forever, but it was a means to an end. 

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. 

You will clean it out, but for that, you need to get it at a lesser price, bargain basement because this place is dangerous.

renovations, cleaning up the property What was the outcome?

See if they can run the cutter through there and clean it out.

I find investors are just as much work and sometimes more than a regular buyer and seller.