I start with cleaning and repairs, then I apply it towards utilities, legal fees, late fees, and rent, usually in that order.I also have a holdover clause that says the tenant is charged 4x of the monthly rent, prorated daily if they hold onto the property after lease termination.

Did they have bank statements showing utility payments for the rentals?

We had been kicking around the idea of investing in an Airbnb property for a year or so, but couldn't identify a location that compelled us as a place we'd like to establish ourselves and regularly visit.

Thanks,A lot of lenders (mortgage brokers) utilize figure https://www.figure.com/home-equity-line/ if it helps you at all. 

Instead, can you just cover the utilities or go to the laundromat.

I heard a podcast that mentioned an established vacation market in Michigan.

The area is a mix of established homes and updated properties, making it a prime spot for a fix-and-flip.

., new renovation, outdoor space, free parking, in unit laundry, extra storage, utilities included in rent.   

Numbers:Purchase Price: $140,000Cash Invested: $42,000Income:Unit 1: $1075 + utilities. 

Originally posted by @Angela Zaitz:Are the utility lines separate?