If rent can offset the cost of renting furniture (or you can use some of yours) it might work. 

LOTS of reasons:- Stains the walls and ceilings when people smoke inside- Gets inside the carpeting and makes the house smell bad -- really gets into curtains and furniture too- Can make burn holes in carpets- People put them on the counter tops and they wind up causing stains/burn marks- People flush them down the toilet and it causes clogs- Butts litter the ground around the house because smokers seem to think littering butts is okay (when did just throwing a used butt out your car window or anywhere outside on the ground become "okay"???)

Do they do pretty much take care of everything excluding replacing broken big ticket items like furniture? 

If you have the energy then the Phoenix valley is a great for flipping homes or short term rentals.For flipping homes you will need to find homes that are below market and/or are in need of some cosmetic renovations and can be staged with the right furniture.

would you have to store the furniture otherwise? 

The buyers did request a $5,000 closing credit to put towards new furniture that I agreed to, but probably would not do again.

Just need to take into calculations the furniture cost and some slightly lower rents for the first month or two while your listing gains traction. 

For someone like me who has no skills in construction whatsoever (I can barely put together my own furniture), BRRRRs are much better than flips because:1.

He had very nice furniture, and when we got to talking he said he was moving to Colorado and would I mind if he held a “garage sale” in the apartment (not allowed by condo bylaws).

Ex: selling furniture will at least get you used to uncomfortable conversations with rude customers.