Often residents want to move in within a couple of weeks and it takes time to get all the information together to get everything accomplished in a timely manner.

@Glen Michael I've heard Peter Lohmann talk about using NPS scores for their residents and owners, I don't know too much about it, but I think it's a system designed to get a real idea on how they're doing.

I am from the Philippines, but I currently reside in Las Vegas.

Great thanks @Michael Smythe, in your experience can you itemize the tenants that have the Resident Benefit Package? 

Potential residents can tell if the owner/operator authentically cares about providing that A+ experience, and they will vote with their wallet regarding where they stay.So going back to my original sentence, here is where my grace runs out.

@Clay Hall, I like a HELOC on my primary residence as an emergency fund, and wish I’d had that extra money when I got started, simply as reserves.  

The main difference here is your clientele/residents.  

No one can 100% answer you what you can do here.The one general question I would give my opinion on is if the resident is responsible to pay for the damages, do no wait to use the security deposit.

Irs determination “You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for a number of days that's more than the greater of: 14 days, or. 10% of the total days you rent it to others at a fair rental price.”

Investment Info:Single-family residence fix & flip investment in San Juan Capistrano.