People have failed twice now with the housing bubble and the recent meteoric increase in rates because they were gambling with the rates to save a percentage point.  

If you see utilities increasing, is there a way that you can push this on to the tenant?

What is great about teak is wild teak is drastically diminishing while the demand is increasing.

I will mention that a hot tub could really increase the frequency of bookings. 

What would you do from here, pay them off sooner to increase the cash flow, or keep leveraging? 

The property was leased for $2,150 per month.Refinance and Return on InvestmentAfter a stabilization period of 6 months, the property was refinanced to leverage the increased value created through renovations.

It establishes a base that's $40 lower, which all future rent increases are based on. 

Planning on increasing my daily budget to probably $25/day and maybe adding in another state for $10-$20/day too.

If you generate enough money annually to dismiss a W2, then consider covering the ever increasing costs of retirement & health care and those do not go at inflation metrics but usually way higher. 

They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol