We do a bunch of classes on short-term rentals and because of that have a decent network of folks who rent out furnished places.

Furnish all the bedrooms (Craigslist $100-300 per bed with preowned mattress, buy $10-20 mattress cover, $10 lamp, $50 dresser or nightstand) and provide the kitchens with basic supplies (Walmart $20 4 piece set, $10 silverware, maybe some pots or not, can buy 1 multipiece set and split it between your units)Install Schlage Camelot electronic Door Code locks on the door ($100 Amazon-no lockouts) or a lockbox ($25) with backup keysPost on Nextdoor and Craigslist looking for a “house Mom” / Cleaner who will clean units between guests for $20/turnover.

I'm dying to know what they consider "high-end custom furnishings."  

I estimate the acquisition cost of land, construction costs, and furnishing fees to be 450k, and would like to know what approach folks would recommend.

The claims sound good until you ask them specifics and learn they aren't accounting for their time, the cost of furnishing, taxes (if they are even paying them), or all the codes they're violating.

Just rent it furnished and gear your lease, and rents towards a shorter stay.

@Shelly Floyd are you looking to buy apartments and use them as corporate rentals or are you talking about renting, furnishing and managing corporate rentals out of another persons apartment buildings.

Furnish it like you would with a STR, but find gainfully employed tenants such as travelling nurses, project managers, visiting professors and such. 

This is also after a lot of back and forth with the buyer first saying they would accept a letter from the HOA stating they are responsible for fixing the sheathing and then deciding the email from them wasn't good enough.Here is the contract language in this regard if anyone is curious:If the infestation report reveals the presence or indication of or damages by termite infestation or other wood destroying organisms, Seller shall remedy such deficiencies and shall furnish the Buyer with an infestation report by a qualified/licensed/bonded pest control operator (dated no earlier than 30 calendar days prior to Closing) that the Property is free from infestation or any damage herein mentioned; or documentation that the infestation has been treated and damage has been repaired as appropriate in a workmanlike manner on or before closing and reported by an appropriate licensee.

I don't have any web presence other than an ad on Craigslist every day.  24 furnished STRs, 84 beds.