You have to use one of two PMs you have to use the approved furniture package and you cannot customize anything.

Was wondering if anyone could help design and install some decent furniture.

This doesn’t need to be too expensive or complicated, simple touches like decluttering, rearranging furniture, and adding tasteful décor can create an inviting atmosphere.Invest in professional photography to showcase the property online, as captivating images can attract more potential buyers.

Renters insurance price will vary depending on the value of the renters' personal possessions (furniture, clothing, artwork, jewlry, etc... whatever the renter chooses to have the policy cover) in the rental  the liability amount will be added to that base. 

Quote from @Nathan Gesner:Of course there are folks making it work, I just don't believe it's the lion's share of investors.I think the idea of throwing a property on Airbnb with IKEA furniture and little to no plan or research is "dead".

We are sandwiched between well known hot spots and its an ideal location for someone who wants to explore the beach life or any of the down-town areas nearby (Los Angeles, Long Beach, Redondo, Manhattan, Southbay Etc), new build with modern amenities, washer/dryer in unit, full sized fridge, dishwasher, professional range cooktop, queen bedroom, full standing shower, large kitchen, full sized couch in the living room, private front patio. 

Check with CPA but furniture has its own depreciation schedule (7 years I believe).Ultimately I would check with your CPA to see if it is even worthwhile, and your lender to see if it is even possible.  

Outside sitting furniture is good but if it is on the lawn don't get heavy furniture as the lawn guy has to move it.

We ask our tenants to keep the grill on the patio or further from the home and instruct them not to use or store the grill in any garage or shed on the property.

With either option, you will need to invest in the same or similar furniture package.