What about furnishings?

She could not furnish a bank statement showing she had any funds; she did provide a statement with no name that showed a balance of -880,000!

Here are the numbers on the condo unit.Cost of condo 260,000.00 (fully furnished)Average annual rental income 20,000.00 (past two years)Annual carrying costs 13,000.00 (untilites, insurance, cable etc. everyone except a mortgage if you have one)If we use a local management company, that is an additional 25% commission.I guess I don't know how to figure ROI on investment property.

Another option you might want to consider is turning the home into a furnished rental for corporate clients utilizing VRBO and the like.  

He furnishes a funding letter to my attorney who forwards it to any party requesting proof of funds.

I'm assuming your renting it furnished then as well.

You can furnished nicely and rent the rooms separately for probably $650 to $800 a room with all utils furnished on 6 month terms.

@John Horner: Our units come fully furnished so it allows us to charge a slight premium to market rents.

No way you have anything resembling a real buyer if you can't sell that to them.

It's a prerequisite in my area (Binghamton, NY) to furnish student rentals.