That said, if you have $50k and want to invest out of state, that puts your realistic budget at $150-175k...maybe even a bit less after you factor in closing costs, make ready expenses, and reserves.

This deal, i used my first successful buy and hold property and pulled a HELOC to secure financing and reserves.

Just as the person who works at the clothing store has a conflict of interest when they say that the piece of clothing you are trying on looks great on you.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

I also assume you do not have ample cash, so reserves would be even tighter and you'll be bleeding monthly on it cash flow wise.

I furnished 2 STRs for that amount, just go to either high-end thrift stores or a lower-end antique store....you'd be surprised at how little you can pay for solid wood furniture...

You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Airbnb cancelled the reservation the day before our guests' arrival, after we explicitly told them that we would not budge on our STRICT cancellation policy. 

:)There are always some kind of good deal on furniture out there and I just have to pass because I am not currently looking to outfit another STR and I have no space.I would love to have a 10k sqft warehouse to store stuff when I find it so I have it @Patricia Andriolo-Bull