They can convert to furnished month to month.

I'm liking the idea of buying an outdated condo, fully furnishing it (down to the silverware) and selling it to second home owners who very often rent them out.  

@Bruce Woodruff yes turn key full furnished!

#2 What I see is about 30% fee, that's the tough part...if you hit $3000/month and loose 30% of that, you're back down to LTR rate...plus you probably have extra expenses, like furnishings, utilities, consumables, lawn care, hot tub.   

Since the payment is over $600, IRS requires us to furnish a 1099 MISC/NEC to the property manager.

It's taken about 32 hours (and counting) for my wife and I furnish and stage our property.

I'm wondering if anyone can recommend service providers to help design my property, purchase the furnishings, and set up the home? 

You will need to furnish the places, hire cleaners to come in every turn over.

I have an empty, furnished apartment in Virginia, close to the beach, that is available for rent immediately.

Another thought I had was furnishing a unit or 2 as there are usually plenty of events like homecoming, sporting events, concerts, speakers, that you may be able to get a premium from people looking for a place to stay.