If you don’t need all the cash immediately, you could store the unused portion in a high-yield savings account or line of credit for future investments.HELOC Option: Another alternative is to consider a Home Equity Line of Credit (HELOC) on your paid-off rental.

The property already came furnished, but we had to replace most of the furniture because it was very cheaply done, Plus, it had no theme and we really wanted to make it a special themed airbnb.

On the other hand, if there is a large mall with major anchor department stores, good restaruants and Starbucks, you can be fairly ceertain that's a good neighborhood class. 

So, I stopped by the property to see the unit... it was dirty, damaged, and still had the furniture in it that the tenant left.

When I see a property starting to underperform, as the manager I have to run the data to figure out why and then make adjustments whether is lack of amenities, need updated photos, replace a couple pieces of dated furniture or increase my focus on advertising that property specifically.

CEO Bruce Thorn noted Big Lots would close underperforming stores and focus on optimizing its store fleet.

(I assume he owned a convenience store or something)  for $7,000. 

Kinda like a slotting fee in a grocery store?

I'm also going to do it furnished, since I have extra furniture I'm moving from my current house this Friday. 

For curtain rods, charge him replacement costs; for curtains, go to a thrift store and see if you can find some that work and charge him depreciated value.