My furnished MTR is renting at a lower rate than I can get for the unit as an unfurnished LTR.  

Is he furnishing the home?

And that might require increased furnishings spend.

Without your operating agreement in place, the LLC will then resemble a sole proprietorship from the courts, especially if your LLC is a single member, and your LLC’s individual existence will not exist.

Updated and furnished the basement and back patio to allow for a STR

Like the previous posters said, a lot depends on the property type and strategy used.Generally speaking, Zillow is all you need if you're doing LTR, Furnished Finder for MTR, and Airbnb/VRBO for STR.People WAY overthink this stuff.

We've furnished them and do medium-term rentals.

It is furnished turnkey and looks as if it was planned for STR.

We have an 8-unit apartment building that has 4 furnished MTR units in it.

We bought ourselves a furnished house with a giant pool, and also opened up a Short Term Rental.