The potential tenants for a furnished rental also likely want all the trappings of a home, including kitchenware items.We run a few midterm furnished rentals in Denver and Colorado Springs, and they're all people who want a fully-ready home.

I know California investors losing money on what was supposed to "cash flow" OOS, myself included.

Recommend you include that in your leases in the future. 

Additionally, alternative approaches for portfolio growth include partnering with other investors, exploring alternative asset classes like REITs or crowdfunding, and focusing on value-add properties with potential for improvement.

They quoted me 29K for the service and that doesn't include what the CPA would charge.

Covid pushed rents crazy high everywhere and Fresno was no exception, excluding 2020 and 2021,  my rents are still up on average about 8% year over year from 2018 (much higher if you include covid).  

From other responses I have gotten outside of BP it sounds like NOI would normally be underwritten with the included expense of a onsite manager.

hoping for someone to provide me with a generic bid sheet that includes all line items for a basement finishing. 

I would assume so, but it's best to check with the lender to see how they interpret official FHA guidelines which read:"Net Self-Sufficiency Rental Income is calculated by using the Appraiser’s estimate of fair market rent from all units, including the unit the Borrower chooses for occupancy, and subtracting the greater of the Appraiser’s estimate for vacancies and maintenance, or 25 percent of the fair market rent."

And 1031 investors investing in property where they like to build a presence and ongoing memories (including later conversions to a new primary residence).