@Harvest-Ridge1 I would go ahead and cancel. You are a new host and it will take you a bit to get to superhost anyway, so no harm in doing so. Third party bookings are not permitted on ABB and terrible guests target new hosts because they are desperate for bookings and good reviews. Do yourself a favor and pull the plug.
Take this time to make sure your listing is set up properly and that you are screening guests appropriately. Best of luck!
ETA- you need to lower your guest counts. Do not count sofas as sleeping spaces, only beds. Make it clear that parties are not permitted under any circumstances (they are illegal on ABB). $63 a night per person is in line with a cheap motel. If you want better guests, limit the number you allow to stay.
I am also fairly sure you can't charge guests a $1000 deposit on ABB but maybe someone can chime in?