Unfortunately, many don't because they don't have the cash to do the refurbishing after making their purchases.Regarding the refurnishing every 3 years, it all depends greatly on the quality of the furniture and the location of the furniture in the home.  

Now you're looking at 2,150/mo.This is just quick/simple math but if I'm a working professional with a temporary contract or maybe even a snowbird looking to spend the winter months somewhere warm, you are definitely going to get my attention if instead of an added up daily rate of 34000 a month you offer me a flat monthly rate of say 2,500.Even if that's a little higher than an apartment goes per month in your area you are saving me the hassle of a standard lease, setting up utilities, furniture, you get the idea. plus instead of having 4 or more tenants a month your only dealing with one.

First piece of furniture or appliance moved in will gash this flooring or just one water leak and its difficult to impossible to replace so it is being turned VERY frequently and the front end savings are offset over 3 years with replacements. 

She is well versed on Miami and Broward County, and I agree w/ her on the clientele of Miami needing you to adjust your numbers upwards for replacement of your furniture and wear and tear maintenance.

The days are gone of grabbing furniture off the curb and tossing it in your rental.

Amie also has a small decor business that re-purposes and repairs furniture along with making signs and other decor items. 

STR’s are a business with a variety of startup costs — deferred rent as you build up reviews, furniture, frequent cleaning, increased insurance, stocking the kitchen with everything renters will need.There are a couple of companies that are willing to manage STR’s in Boston — giving you either a flat rent per month or the proceeds minus a management fee.

I know this is an older post, but had a quick followup question-If I am currently not a host, but I do all the paperwork to become official FIRST, then if I buy furniture, make improvements, etc would all that be deductible?

North Carolina was known for tobacco, textiles and furniture.  

I got married (this was a good thing and probably a good question for the forum about having a fantastic spouse and partner), bought a house, a new car, a house full of furniture, and your typical doo-dads that didn't do anything for me other than make me feel like I was keeping up with Jones'.It wasn't till a couple of years later that I got my hands on "Rich Dad, Poor Dad" and found my way into Real Estate investing.