You are talking about well over $1 million in startup costs, not including furnishing and initial holding costs.

The regulations only apply to stays less than 30 nights, so think most furnished rentals would just go mo. to mo. and seek a rental premium for being furnished and flexible term.

**Furnishing and Utilities**: My property is fully furnished, and I plan to include utilities.

I'd start by looking on Furnished Finder to see what other similar properties are listed for in your area and how much availability they have on their calendars.

Sometime in the future, there will be a new innovative design that will replace the current open floor plan trend, but it certainly will not be anything resembling what we had back in the 70s and 80s.

I furnished it and started renting to travel nurses on 3 month leases.

Travelers has a home sharing/furnished rental product that I use for mid terms.

When evaluating MTR markets I would always start by searching Furnished Finder and Airbnb/VRBO (30+ day stays) to get a good sense of what is out there on the market already.

You could learn the necessary skills to furnish, market, & manage the other unit.

I'm probably usually closer to $500 for reasonable furnishings.