Basement has been mostly gutted as water damage, would need drain tile.  

. - an unattended running toilet that is damage, a tripped fire alarm, anything exposed to the elements), I would send a two day notice to cover yourself.

There's still $1,400 left over in budget for any unforeseen damage... is that enough of a cushion?

I don't want to damage my property and have other tenants get injured/killed because of a house fire.

She just doesn't want to because she doesn't think it's necessary.I have a Risk of Loss clause which allows for an option out if the property were to be damagedClause:RISK OF LOSS: If subject property is damaged prior to transfer of title, Buyer has the option of accepting any insurance proceeds with title to the property in “as is” condition or of canceling this contract and accepting the return of the deposit.so I didn't  necessarily see an issue with excluding it in an addendum, but I'm not 100% sure.Does anyone see this as being a issue the may come back to bite me?

There is still the risk of damage to the property or other liability but isn't this the case with all vacation rentals? 

This lack of basic oversight of tenants living conditions resulted in about 50% of our properties with damages over $10,000. 

: yesHVAC System Duct: Damaged ac functional at hpirfurnace tested functional at hpir _____________________Electrical Wiring: ok--Other: damaged --Other: damaged Electric supply tested and functional?

Also, what happens when the tenants tell you some of their stuff is missing/damaged after the airbnb event is over?

On the flip side, students want these houses to throw parties at, so one would have to account for a lot of potential damages and liabilities.