@Theodore Ehlert If you materially participate in the STR and keep the average length of guest stay to 7 days or less, the loss (including bonus depreciation) is nonpassive can offset any type of income.Keep in mind, there are limitations on how much of a loss from the STR you can deduct in a given year - Google "excess business losses".

I think I found the main source of the odor and just killz'd it.

So first I want to remove the odor and then demo/clean the property and then start the rehab process.  

If the odor is not properly mitigated that will cause ongoing problems.Let me know if there is any way I can help answer questions. 

If it’s been laid properly you can paint it with oil based Kilz to kill the odor and just go right over it with a second layer of LVP.

@Hubert Theodore Personally I have a realtor I use who has saved me hundreds of thousands of dollars on multiple deals and does all the scut work so I don’t have to and makes all the calls and keeps track of all the timelines for me.

The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”Theodore RooseveltApril 23, 1910Truer words were never spoken.

@Theodore Arzt Yes this is a old post, but the good thing is, 2 years later I know the answer to this question lol. 

Since you stated you are going to replace the carpet I recommend spraying "Odoban" (about $10 for a gallon to dilute) or some other cleaner/smell remover over the pad (if you don't replace it since it will hold the odor) or on the floor if you remove the pad. 

Hopefully the odor is coming from the litter boxes and not from spraying or urinating on carpet (if there is carpet in the house).Gail