Those carpets won't last as per their normal "replacement life", so you should account for higher than usual wear & tear- the general saying "yo, get yourselves a room" means it's your place, so you should not have a problem with the "noise" at times and be ready to vacate the place for few hours just because that's what good roommates do for each other when necessity strikes :)- "regulating" the place aka (no parties, no nasties, lights off by 11pm etc) means you will have no fun place for easy going coeds, and generally it will make it a "dork house", which is ok, but again, birds of feather stick together, you will have to match all occupants (they will match themselves too anyway), you get the gist.

Just a CYA to build your case a much as possible incase your ever called on the carpet to explain.

I’ve found that the paint and the carpet are the best things that sell.

Needs new appliances and flooring in the kitchen, but has new paint and carpet as well as water heater from bank.

Mostly carpet, some linoleum.

So, if you replace the carpets during a make ready, you would spend that money in one year, then deprecate it (i.e., deduct it) over five years. 

We were told that two of the units will need new carpet, paint, kitchen and bath remodel (at least).

It needed a new roof and gutters, carpets, paint, windows, some doors, furnace, etc. 

The house needs some work but nothing major...appliances, carpet/tile, a good cleaning.

If you started a carpet cleaning business or a construction company or a maid service, you'd have exactly the same problem - how do I let people know I EXIST and what I am OFFERING?