Remember with STRs, you have to furnish and decorate the entire place, and buy linens and towels (plus multiple sets for extras), and cookware and all kitchen stuff. 

See if the story bears any resemblance to what you observe at the window.

Kitchen is wide open with plenty of storage and granite counter tops; kitchen is furnished with new stainless steel appliances.

Purchase price: $531,000 Cash invested: $60,000 Purchased as a fully-furnished, fully-decorated beach house in Crystal Beach What made you interested in investing in this type of deal?

Costs: STR managers want 20-30%, and the upkeep on furnishings is much higher than with a LTR.

Currently, my company has 46 homes in Chicagoland, all furnished.

Each co-host charges a different rate.With an Airbnb or other vacation rental, you'll need to fully furnish it, from the bedrooms to the living rooms to the kitchen (fully-stocked, including not only utensils and plates but staple food items like cereal and cookware too). 

Added flooring, new HVAC & water tank, nicely furnished and made it "home away from home".

I encourage you to consider who your tenant pool will be and try to understand if they will be open to sharing the space with so many others.You will also want to consider hiring a very thorough cleaner/team member with boots on the ground to ensure that items are in their proper storage, and broken items replaced—7 tenants in a furnished rental will get messy, so you will want someone to help you manage the logistics. 

It was about 15K to furnish both units.