This was our first VRBO experience and overall we were pleased with it. The property was clean, well managed and in a convenient location for walking to all the downtown spots/restaurants as well as 5 minutes walk from the bus station with lines to take you to beaches up and down the coast.
The only caveat is that--if you are the type that likes to turn in early as we are--know that this particular unit in the building overlooks a nightclub that is loud and hopping with street traffic into the wee hours of the night on Friday and Saturday. If you're a night owl, it may not matter to you.
Additionally, we had one unfortunate incident eating breakfast on the balcony, when someone in a unit above or on the roof was cleaning and dumped cleaning water from above on top of us and our food. The management investigated right away and apologized. They said we'd be compensated in some way for the incident, but it was unclear what that meant and there wasn't follow up. Not the unit owner's fault in any way, though.
Overall we had a very nice stay.