After expenses and utilities you net $1,000 profit but it cost you $15,000 to furnish the house and you only have a 1 or 2 year lease. 

What will it cost to furnish the unit and keep it stocked with consumables?

STR market is dieing unless you can play in the 750-1.4M$ price point then there is opportunity, most are going MTR or LTR, we manage a vast amount of properties and see clients switching from furnished to long term unfurnished, lots of data around this...

When you travel, you can then rent out your unit as a furnished rental.

Hi Anya, I don't have a property in Mesa but would recommend checking out/posting on Furnished Finder, VRBO and Airbnb (30 + day stays), and Facebook groups to determine pricing and try and find MTR tenants.

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.