You know the answer.Just be a good landlord - provide a nice, clean and safe place for people to live and charge accordingly.

Just had the carpets cleaned. 

Others will quote you labor + general construction materials, and you are responsible for finish materials, like actual cabinets, tile, flooring product, and some may bid more of a "turnkey" quote, that would include finish materials.I won't say any one is better than the other, but obviously the quotes can vary dramatically.

Can you help a flipper with flooring?

Clean facility easy and hard, value add steps. 

In response we did a deep clean on the unit and couldn't find any bed bugs but found some possible bug casing and bug excrement.

Clean the place up and move on.It's highly unlikely he would ever come back to you when he has child p*rn charges on his record.

You will have much higher cleaning/maintenance costs, higher turnover, unpaid rent, evictions, etc.

I don't believe it will go down a TON across the board, I think the corrections will be product specific as well - for example, I don't think the market has priced in how unaffordable it is to hold a condo in Miami and that market has bubbled in many areas - the prices today just don't make sense any more and I think there will be major cooling in the condo market, even though even at lower prices I will stay away from condos over 4 floors.

It works, just not as cleanly as we would like.