Today, they prefer to rent in new cool sprawling urban areas where they have an easy way out if they need to relocate.Good performing real estate investment properties in Detroit are usually $10,000-$20,000 (requiring rehabilitation) and $20,000-$40,000 (fully furnished and ready to rent).

I think we have accounted for most things.....location is good with mountain views, great condition...well furnished.

I have a furnished apartment, so if you have this version, I would really appreciate it. 

For purposes of this paragraph, "transient lodging facility" means a furnished room or furnished suite of rooms which is rented to a person on a daily basis, not as a principal residence, for a period less than thirty (30) days; or9.

Refresh of everything and new furnishings, but the market appreciation here is where most owners earn the majority of their equity.

Do you think that area could work as a mid term rental 30 days + minimum fully furnished? 

From there I would plan on pursuing on obtaining a small business loan to help furnish the apartment and possibly pay for the first few month of rent.If anyone has done this before and can share any guidance that would be super helpful!

Both of these come furnished and include utilities up to $200 per month.

I have my first mid-term renter booked while using Furnished Finder.

You will likely generate 1.5x your current long term rents (though check your specific market to see what similar properties are going for on Furnished Finder).