@Bill Dodge here is a copy of a blog that I wrote on security deposit s and normal wear and tear;Security Deposits VS Normal Wear and Tear This is probably one of the hardest things to determine and explain.

Anyone in Los Angeles, California that can explain what it's like there?

Explain that you own the tax lien and that your intention is the take the property and renovate it.

Since I'm no expert on the matter I merely explained the basics on how it works and it got his attention.

Of course you would need to explain that the tenant was there before...... etc I too like to take pets, 67% of renters now have pets, and I don't want to lose out on that huge part of the rental pool.

After explaining my situation, the first question to every potential lender was 'Do i need the 6 month seasoning?'

@Jim Smith - I'd contact AirBnb directly and explain your situation.  

As students we don't have a lot of personal finance to get started, so since we are going to be borrowing i want to ensure that our numbers are as accurate as possible to explain in detail to a lender how i can make their money back and they can have confidence in my partner and I before we establish our portfolio.

Search the blogs for the article that explained this.

It's not something that can be explained here.