Rates are being compressed and have been for some time, we see a lot of clients going airbnb to long term furnished/unfurnished.

I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it, and getting it ready for rental.

I dont have regrets just did not care for STR  business personally. so we sold.But we have Mid term fully furnished rentals and I really like that one.. start off as a few months and end up staying a year or more and at close to double the rate and A class tennants..

I have included a slide on cost segregation analysis and how our interior design work can help to support with the owner's material participation hours and furnishing, upgrades to the property, including landscaping can all factor into that analysis. 

Meaning you will not be able to furnish a clean title within the time period.

Think traveling nurses—they often need a place for 1-3 months and need fully furnished spaces.

If the property comes furnished with appliances, definitely highlight that—turnkey properties are highly attractive to investors. 

Other, lesser returns would be furnished finders, or just a straight 6 month lease with a tenant. 

I'm not too familiar with University Park, but in order to determine if it would make a good Airbnb, you'll want to research other similar properties (how they're priced / how often they're booked) in that area on platforms like Airbnb, VRBO, and Furnished Finder (if you're considering doing 30+ day stays, ie, an 'MTR' as well.) 

I have a great property in PHX that we have listed for sale, but I would be interested in running an RAL out of my house (already furnished, 5 bed 3 bath, single story ranch style home with two master bedrooms and a pool).