We do midterm furnished rentals in Colorado.

LTR may get less money but management (if doing it yourself or hiring someone) is minimal for 6,9,12 months; plus you do not have the upfront costs of furnishing the space. 

. - Furniture & DecorThis is up for debate but for most short term rentals, those that are themed, have quality furnishings and a cohesive presentation typically produce better occupancy and revenue results.

I would suggest looking at Furnished Finder (https://www.furnishedfinder.com/housing/New-York/New-York) to see what type of MTRs are listed in you area as well as Airbnb and VRBO for 30+ day stays.

I'm considering furnishing every room to make the transition easier for tenants and to avoid potential damage during moves, especially considering the property's multiple stairs.However, since I don't yet have access to the property, there are limitations on what I can do.

For ex: $20K to furnish the entire home (not just bedroom).

However I move into the home and live in it, while adding value with cosmetic updates (flooring,paint, etc) and I also spend time furnishing it.

If you're aching to squeeze out a few more dollars, you could look at furnishing it and renting as a medium term rental, but to me, you're on the right path.

Hi guys, I’ve bought my first STR home, and in 2 weeks got it furnished, met neighbors, found someone to “emergency manage’ and clean as I’ll be long distance, now all that’s left is my city- required safety inspection and a few more organizational things.

(Furnish an STR with cast-off furniture and take cell-phone photos and see how well you do.)