Pros: The host has great communication and responded quickly. The AirBnB is close to the Ubahn and can get you around the city quickly. The bathroom included a hair dyer and the shower had nice, hot water. The WiFi is great. The apartment has a nice balcony. The Host let us checkout later at 11AM (even though I find the 10AM checkout ridiculous). The Host had a nice booklet with recommendations and general information.
Cons: The blankets and pillows are the cheapest/thinnest I have ever slept with in an AirBnB - I would recommend bringing your own pillow and grabbing extra blankets from the closet. The apartment has no character - I am pretty confident that no one actually lives there and its only used for an AirBnB. Its basic and doesn't include too many amenities. The towels were thin and hard. The listing was also a bit deceiving in my opinion. The listing pictures suggested that there were two separate rooms. The listing mentions a 1 bedroom apartment and one of the pictures had a description describing a "living room." They are the same room - it is basically a studio apartment with a small room for a kitchen. There was also a picture with different color flooring that suggested there were two separate rooms; however, it was just an older picture. There were also different layouts in the pictures that made it even more confusing. If the Host fixes these photos and descriptions then it should be fine. For all you non-Germans, a one-bedroom apartment in Germany is a studio apartment even if a Host mentions a "living room" in the description. Also, I would fix the check-in process for obtaining the key to the apartment complex entrance. The AirBnB is surprisingly more expensive than hotels closer to the city center.
Additionally, when I checked the listing on the AirBnB map before booking it, the location was a lot closer to the city center/train station/Oktoberfest than its actual location. I believe this was a glitch but just a heads up for you guys that it should be west of Theresienwiese.
Overall, if you have two people or less, you can stay a lot closer to the city center at a cheaper price in a hotel (even during Oktoberfest), but if you want an apartment away from the center in a residential area than this is OK.