There are strategies that you can utilize here that can make it easier as well. 

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?

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

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.

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

The hot tub was just for the luxury of having it, but we justified the purchase by increases the AirBnb nightly rent.

No, there simply utilizing it, adoption, as is all there competitors, so it's not any business innovation except the ai creators, it's industry adoption to a evolved S.O.P.. 

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

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