You have considerably less wall space, and trying to fill furniture into that one big space is often awkward resulting in a lot of wasted space that does not really do anything.And while these open floorplans are often promoted as "family friendly" I have come to the conclusion that they are a double edged sword in that respect.

Furniture is already there.

This will also help you be organized when completing taxes and writing off any potential expenses like furniture, utilities, repairs etc. that come with the rental business. 

If the rental is in town, maybe start looking on Craigslist, FB Marketplace and OfferUP for quality used furniture to have as backups?

I'm sure when you get there to do your inspection you'll find that he left his keys on the kitchen counter, took most of his clothes and left behind nothing but trash and old furniture.

What are the essential pieces of furniture and amenities I should include to make the unit attractive and functional for college students?

Normal home owners insurance covers the house, liability, a bunch of miscellaneous items, and all your stuff (furniture, clothing, appliances, etc etc).

You might have to put some basic furniture, but you could get $2400/month

A single family house ,which needed some rehab and is now rented out on a yearly lease.I realy believe in BRRRR strategy and am interested in making a new and similar investment in this area.Outside of real estate, I enjoy furniture restoration, sports hiking and reading .Excited to learn and connect with you all!

Don't go more than 12m lease, and even consider a 6m to test the waters, though they will push back because it doesn't given them enough runway to buy the furniture and get runway.If your PM is going to be managing them, make sure that they are just VERY diligent on collecting timely rent and get agreement to do quarterly (or so) walkthroughs/inspections to make sure the home truly is being maintained.