They all said they would go back to STR at some point once the market improved, which is why they did not want to remove the furniture and put it in storage or sell it. 

Here are fees from property managers you can expect (but do note that it will vary):- Property Management fee: 20-30% (depending on the market and I think I've seen higher than that)- Repair Management Fees: Fees are tacked on top of actual cost- Setup Fees (getting the unit ready)- Design Fees (hiring a designer)- On-boarding Fees- Linen Fees- Cleaning Management Fees- Any other fees (i.e. resort fees)Expenses to expect (may vary):*Some may be covered by the property manager*- Supplies & Linens, Propane tank replacements, Water filters, - Utilities (water/sewer, garbage, electricity, WiFi)- Permit fees, TOT (local and/or state), business license fees, HOA fees, and any other local fees- Maintenance (air filters, touch up painting, plumbing issues, and etc)- New Amenities/furniture to improve listing as time passes - Upholstery cleaning- Pool & Hot tub cleaning - Gardener - Security Camera subscription- Noise / Smoke / etc monitoring - OTA service fees- etcI hope this helps!

There is also going to be difficulty for my new tenants to get their furniture and upstairs due to the spiral staircase hallways and thin walkways.

I have been pulling costs from local outlet furniture stores.

@Zachary O'Hara you could flip furniture on FB.

Should I continue with my idea to change furniture around and make this a successful rental or would you cut and move to another property?

Budget for the right furniture, photos and amenities!

Quote from @Brian Kobus: MTR is an LTR with furniture and utilities included.

Regarding my criteria for the rent by the room property, I'm looking into:Property TypeSingle Family3-4 beds/2 bathSingle or double storyLocationSan Jose, Mountain View, Redwood City, Fremont, MilpitasConditionReady to move inPrice Range$0.8-1.2 milDoes anyone have experience with house hacking in the Bay Area, and could possibly advise me on the following:What websites/resources are best to find comps to compare rent and what should be included (i.e. furniture) in the home?

Unless one person is going to live in it and make it their own and everyone can tolerate that you can find yourself with a family member who views the house as a shrine to grandma and will critique every piece of furniture you move.