They're an all furnished property, but even discounting the rents by $150 for being furnished, we're still well below them. 

@John Dickerson are you asking what information OR property furnishings you need to provide the tenant?

For each property, the accountant will help you set up general ledger accounts for buildings, furnishings & equipment, land, depreciation and other things that might be specific to your situation.  

Is the house being sold furnished?  

(c) Prohibited transaction(1) General ruleFor purposes of this section, the term “prohibited transaction” means any direct or indirect—(A) sale or exchange, or leasing, of any property between a plan and a disqualified person;(B) lending of money or other extension of credit between a plan and a disqualified person;(C) furnishing of goods, services, or facilities between a plan and a disqualified person;(D) transfer to, or use by or for the benefit of, a disqualified person of the income or assets of a plan;(E) act by a disqualified person who is a fiduciary whereby he deals with the income or assets of a plan in his own interest or for his own account; or(F) receipt of any consideration for his own personal account by any disqualified person who is a fiduciary from any party dealing with the plan in connection with a transaction involving the income or assets of the plan.Purely my opinion here, but the between interpretation would seem to make sense as the proper intent of the code. 

The unit will be fully furnished and have all amenities in addition to an in unit washer/dryer.

We spent $4,000 on furnishings and fixtures to get it running.The other is a 5 bedroom that typically rents for $2,000/mo as an LTR, we spent $5,000 on furnishings and fixtures to get it running, that one took a while to generate a following, it was hovering around $2,000 in Airbnb/VRBO rents, so it was losing money with utils and the like.

Residentshall be responsible, at Resident’s expense, for hauling to the dump those items too large to fit in the trash containers.Resident shall not dispose of any flammable liquids, rags or other items soaked with flammable liquids or any otherhazardous material in trash containers or bins;(b) to properly use and operate all electrical, gas and plumbing fixtures and keep them as clean and sanitary as theircondition permits;(c) to keep the premises and furniture, furnishings and appliances, and fixtures, which are rented for Resident’s exclusiveuse, in good order and condition; that all rooms on the premises and all appliances and fixtures on the premises must beable to be used for their intended purpose(s);(d) not to willfully or wantonly destroy, deface, damage, impair or remove any part of the structure or dwelling unit or thefacilities, equipment, or appurtenances thereto or to permit any person on the premises, to do any such thing;(e) to occupy the premises as a residence, utilizing portions thereof for living, sleeping, cooking or dining purposes only whichwere respectively designed or intended to be used for such purposes.

I will most likely need to completely furnish this house, I expect that to be around 3-4k.

Furnished rentals work well in studios especially and can net substantially higher rent than a long term lessee (the hotel room effect).Would target key tech areas to get all the interns and other busy spots near downtown / Santana Row.