You may think that putting up some cool art work or unique furniture that you like will be appealing but what people really want is something simple and minimalistic that has clean lines and very little clutter.

Utilities, internet, and furniture are all included in the lease. 

Of the two largest facilities that I turned over to the storage management company, the first I had built from the ground up and the second was an old wholesale furniture showroom conversion to climate control storage.Three of the remaining facilities (195 units total) are managed out of my main office and are no more than 1 mile from the office.

When making comparisons, realize that you will have to pay for furniture, utilities, and cable/internet.

I have a gut feeling that prospective tenants who want to live in a small studio usually have no furniture.

Airbnb start up costs: 2,500 (furniture, electronics, kitchen items, and decor). 

People are migrating away and those buildings can sit for years as the growth is not there.Most of store closures these days for retailers are clothing stores, furniture,etc.Things that are not daily needs tend to not do as well.With anything find the asset class you like and then seek out experts in those  to get answers to your questions.I started out with multifamily so also know that space.

Buying new appliances and furniture from a retail outlet, probably $5000 and on up.

I decided to do some cosmetic updates to the house while I am in it (new flooring, paint, appliances, counter top then staged it with new furniture) all with the idea to flip it.

Operating Expenses would be around 4000 - 4200.Cashflowing around $2500 / month all worst case scenario #'sStart up cost = around 20,000 ( furniture = 12,000) (security deposit / first&last = 6800) Round up to 20 just to be safeBreak even = 7/8 monthsIf all goes well would extend the lease and profit the whole next year.