A clean U&O means the Seller doesn't have to do anything.The home inspector is a different issue.

I don't think the fact that prices have gone up 5 years in a row is a good clean indicator that they will continue to do so, if it cashflows today and I can hold it for 20 years inflation should do most of the heavy lifting for me. 

If you warned them and they didn't clean things up that could be a reason. 10.

I would assume the purchase contract has a clause that states title is clean and there no encroachments.

I'd rather have a property remain vacant to I can spend time cleaning up and getting it ready and back-online so it could be available for someone else to rent.

Don’t know much about Memphis as a city itself though, I just know crime was a problem back in the day, is that still the case or is the city getting cleaned up and growing?

I've allowed pets in my STR for five years and haven't had any problems except some extra cleaning a couple times, which was paid for by the guest. 

OP said: It’s frustrating, especially because our due diligence came back clean, leases were solid, and the property had just been fully renovated.

The moderators have since cleaned it up.

Do the Airbnb discounting, price a little under market, make sure your cleaning fees are at or below average, looser cancellation policies will all help.