You can definitely furnish your short-term rental property on a budget, but I wouldn't recommend it.

If I rent to travelers I will need to have it fully furnished, which I estimated would be another $10,000 to $12,000 when you figure everything from wash clothes to beds and couches.

Remember that when you are buying/furnishing a STR, you can sometimes gain value from things that a typical renter might find a turn-off.

Short-term will usually require a little more capital (furnishings, etc) and require more day to day management unless you pay someone else to do all of the guest relations and scheduling.

Purchase price: $115,000 Cash invested: $17,250 Purchased one side of a "twin home", it was turnkey, so we repainted and furnished the property.

Fully rehabbing the upstairs kitchen, bathroom, and living rooms with medium-to-high-end furnishings (to fit the area and future tenants), and basement will have smaller quality-of-life improvements.

If you have more sophisticated tenants, just demo and leave as shell since they will put the money in for TI/rents.If you need to market as coworking or suite lease, gotta finish it and probably even furnish.

Some remodeling in the Master Bedroom, paint, Fully Furnished, Smart Home What was the outcome?

@Dave Fairb I’ve had success renting a large furnished property (for a big premium) to professors (and their families) on sabbatical using the platform sabbatical homes dot com.

I am buying 3 properties in Round rock/Cedar park area, aim is to do STR20 percent for management fees seem outrageous, I work from home, so I can handle most of price setting/communication/furnishing etc.