I’m exploring the idea of turning it into a furnished long-term rental to hold onto it, generate income, and possibly return to STR when things settle down.However, I’m new to the furnished LTR space and would love advice!

@Lindsay Davis - I appreciate the data and the dialogue.  

It's best to reach out to multiple lenders to explore your options.

Something has to get better in that market as the regulations are too confining and essentially up to interpretation by the city explore you engage with.

If you inquire from Zillow, apartments.com, any of the sites, our site doesnt matter, we capture there data and followup campaigns go into action backed with ai at work that I am ever evolving. 

@Rafael Valdor some advice when screening PMCs-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Let me explore it ... 

You'll want to explore this with your accountant and see what side of the fence they are.What is more a concern to me is your plan to let the property sit for a couple of years and then move in. 

If they are self employed and their income on their tax returns is understated because of deductions you can use data from bank statements.

With AI or just plain data management, we should be able to catch quite a few issues.  2.