You want quality furniture and not Ikea.  

Do you think it would be a good move to use a business line of credit to cover the remaining down payment and possible furniture costs?

I find this one useful personally for my STR business, as we buy supplies, decor, and even furniture through that program and rack up some free stuff pretty quickly, as you can use the 5% cash back on future purchases on Amazon. 

As this generation spends their golden years in the same home they raised their children, fewer homes are listed for sale.Turning to the supply of new homes, let’s analyze 2 reasons why new home construction is lagging demand:1.)

Purchase price: $246,500 Cash invested: $40,000 bought this home as an STR investment spent 12k on the downpayment, 11k in closing costs 8k on furniture and some more on miscellaneous items to get to 40k, The home now cashflows over $1700 per month as an STR What made you interested in investing in this type of deal?

I am not sure what to do with these furnitures.

I am not sure what to do with these furnitures.

I would try your best to give him as much info on how much you made and where it cane from, and everything you spent. furniture, cleaning fees, replacement items, consumables etc. hope this helps, let me know if you have any further questionsbest of luck,Mike 

Also outfitting with furniture and fixings as a Midterm rental.

I hate the idea of renting to tenants with children because of the danger.