You cannot charge for smoking indoors... airbnb/vrbo do not care because there's no 'damage'.

You'll need decorative items, creature comforts like books and DVDs, linens and towels (including enough for your longest anticipated stay), bathroom items like shampoo and soap and toilet paper, and a monthly budget for re-supplies of these.I'd also recommend purchasing a vacation rental insurance policy, to cover the furniture items and other things which may get damaged by a guest. 

Today the home is cleared, remodeled, and with no damage against the title.  

I would suggest that you also do a inspection of the unit and see how much damage the children are doing.

Are we entitled to pay for damages? 

Absolutely..... but those offenses would have no influence to me.

I think I will buy one a year or two old to get a better deal.We don't scrimp every penny (my wife's a bad influence on me) because you have to enjoy life a little to.

Make sure you are asking for a good sized deposit, and when renovating, use materials that are hard to damage (LVP on the floors, higher sheen with the paint, higher quality faucets, maybe solid doors).

There is something called zone of influence but if your townhome was built properly and on 95% compacted soil this should not be an issueThis is also why you have insurance.

They are supposed to return tenants Security Deposit within 14 days if no claims for damage are submitted by the landlord.