I can see the OP giving this a shot.. but it is risky he could end up making a few bucks and getting experience might just break even or he could take a loss.. that margin is very thin in markets that are not selling as soon as you get CO  thats been one reason we have been profitable very few homes have been carried past CO so financing cost are at a minimum.. you hold a spec home 6 months past Co and every month your losing money you will not recover.

Do my guests really need a (insert item for the home here)?

That said, working with an uninsured contractor still carries significant risks.

Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

I think negotiations on knocking the price down on inspection items on value add will be huge especially if its a flip like you mentioned.

There’s normally action items that can be implemented into your management process that are more effective. 

If this is a big-ticket item, you might consider legal action against Airbnb.  

If you are on cash accounting, yes you could do that.On the other hand, you are ignoring carry-forward losses. 

Compliance items such as adding smoke detectors, hand rails, fire resistant garage entry-door and new stairs outside.

If you constantly chase the bottom dollar and bottom tier coverage you'll be the one carrying the most risk.Happy to connect and talk more.