Once you start adding all the costs (permits, foundation, internal furnishings, appliances) it easily adds up to 350-400+ per sqft, and thus if you are able to get 500-600 sqft prefab under 200k, it makes more sense. also cant underestimate the time and effort you have to put with a stick built

I was under experienced, under capitalized, and under prepared for the demands of construction, furnishing and preparing a home for rental. 

Here are a few things to add to your due diligence checklist:1) Home inspection, just like on any other property you buy2) Additional inspections depending on age of property (like scoping the sewer lines, for example)3) Study STR regulations in your city to ensure this property is permitted for this use4) Interview 2-3 STR property managers to understand your income potential on this home5) Study competitor properties on Airbnb and look for what they are charging per night, how they are finished, how they are furnished, etc6) Consider your backup plans in the event your city starts cracking down on STRs and impacts the sustainability of this business for you

Specifically, if they deal in the following (one or all): - Short-term/executive furnished housing (1-6mo terms) - Long Term single family or small residential - commercial sized multifamily with value add (expectations that the PM has good construction contacts, etc)Thanks in advance to anyone who can refer me to someone!

(B) Purchase and furnish 1-3 MTR's

Furnished Finder - General MTR DataFurnished Finder Traveler Search - manual way to see the competitionFurnished Finder Budget Tool - Good overview of market.

I ask because Furnished Finders, which used to provide us good leads, has been terrible for more than a year -- for both our MTRs in Denver and Colorado Springs, and for all our mid-term rental investor clients.

Hoping to get some advice on any of the following- Furnished ve unfurnished rentals what is in more demand in the area?

On Airbnb, that house (fully furnishing not factored in) would likely make conservatively $400/month in profit or more after usual costs including utilities and management company. 

Hey guys,New to the STR businesss, got our license, furnished and almost ready to go once i get professional pics clicked.