I filled up 4 dumpsters worth of trash, old carpet, furniture, and whatever other horrors the previous owners left behind.

Because for a certain type renter it’s just SO easy to continue renting fully furnished rather than having to spend $20-40k on furniture; come up with a down payment on a house purchase; and or worry about repairs and maintenance.  

Whether it's through sustainable practices, adaptive reuse, or innovative space planning, the possibilities are endless. 

There are many reasons why I haven't pursued the arbitrage model, but mainly that it takes too long for the ROI after investing all your time and effort into buying furniture and renting and paying utilities.Let's say you rent an apartment for $1500 and you spend $7000 to furnished it.

NOTE: we charge extra for this.4) What about a floor plan, so prospective tenants can get an idea where their furniture may fit?

Our analysis showed a $20K annual revenue increase for comparable 3BD vs. 4BD listings, making a ~$1,000 investment in furniture well worth it.Hope this helps!

It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation. 

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.

I feel like i would open it up but stage it well with furniture to show the split 

If renting it out only covers half your mortgage, that might not be sustainable unless appreciation offsets it.