We both have high W-2 income and own all our properties clean and clear.   

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

Carpet is damaged, couches were destroyed, and all other tenants are complaining of fleas. 

I can see a full day of labor, between getting supplies gathered, setting the job up and also clean up and disposal.

Given, I'm a nice person and a clean roommate (LOL) but they don't know that.

renovations, cleaning up the property What was the outcome?

Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.

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. 

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. 

@Dayana Castellon, managing cleaners to consistently set up and clean the Airbnb worth a 5-start rating.