Can someone help explain to me what an equipment breakdown coverage is? 

You really have 2 things to consider the Fantasy of it--letting you close easier, (the potential renter believes they will use this item)and the reality of it no one using the pool except one apartment, yet pool overhead is expensive, deprecation on equipment, taxes, chemicals, upgrades to equipment, resurfacing, emptying trash, stolen deck chairs, etc...Same with a workout center, treadmills and big balls, and mats or treadmills plus workout machines, and when the TV's get stolen, etc..or nothing...What do potential renters for your specific place....think they want, and really do want....and then there is the cost....If you have dogs a dog walk is a good thing as the dog waste should be less all over the lawn.Just my 2 cents..

I think your best bet would be to see if there is a local gym you could make a “guest” deal with of some sort.maybe pay a 2x yearly membership fee for 1-2 guests to get unlimited access while there, they just have to say your Airbnb’s name while there for the membership name.That way you won’t have a potential claim of an injury caused from used equipment or not properly showing how to use equipment for a home gym. if you do end up doing a home gym, it depends what type of people you are catering to.

I will soon purchase my own rental property, and would like to utilize my gym equipment (i.e.

I get an email about 1 week ago (3 weeks from closing) from a large bank asking if I needed a quote and I said yes the quote from the bank ended up being 5k cheaper in cash to close for nearly identical terms and P&I.

Assuming someone just gave you all the equipment for free, obtained all the initial leases for locations, gave you all the software and support infrastructure... you would still be hard pressed to break even.

@Johnny Espinoza I think the short-term vacation model is golden right now in places it would not have worked previously...my partner and I are converting a 180-yr old hotel into an Inn right now, we've done a ton of research over the last months...we found some good resources, but AirDNA was pretty affordable with good insights.On Cleveland...we use data to inform decision making...on a lot of different levels...lots of data and analysis...Cleveland is a beautiful city with lots of good things, but speaking from data, it's one of the worst locations in the US...I really wanted to find something good there out of virtue of proximity to our home market, but I can't...to be honest, it has an identical fingerprint to Detroit pre-collapse.

This includes documentation of non-payment or property damage, adherence to proper eviction procedures, and compliance with tenant rights.The analogy of "bringing a knife to a gunfight" highlights the significance of being adequately prepared and equipped with the appropriate resources and knowledge.

I simply want to mitigate it by equipping myself and perhaps potential investors and/or partners with a reasonable amount of knowledge and understanding.

Alternatively, maybe you want an identical 4 bed house but with a backyard for the dog or now you want a 2 car garage, etc.