He turned one into month to month furnished housing, and the other building into low end motel.  

If I spent $12,000 furnishing it, that would be a 40% return on my investment to make it an MTR.

My wife is working with a few people on deals now— It seems that the turn key properties are a feeding frenzy, but there are some that either don’t come furnished or need just a minor amount of work that everyone is passing over.

I have been contacted by a company wanting to lease my single family furnished rental on a long term lease for men recovering from addiction.

The may be decent for MTR or furnished LTR.  

I was interested in this property because of the size and location and was able to invest a small amount to furnish it then get it cash flowing quickly.

To make the most possible you will want it to be nice and inviting, also have a shower installed and at least a kitchenette IMO.Once you have your total cost for build out and furnishing, then figure out projected income. 

Fast forward and  what's now circulated normally shares no resemblance to the agreement that was originally prepared.

According to Furnished Finder, there's a shortage of MTRS available within the South Bay and a strong demand to match. 

Hi Lygia, you can definitely find comps and estimate MTR rental rates with Airbnb and Furnished Finder.