The property must be modern, well furnished (professionally unless you are a very good amateur), well located, have all amenities possible (usually a pool here, unless very urban), and have proper bed counts for the space (sleeps as many as possible without overextending the water heater, looking like a gypsy camp).6.

You can have a cheap place, furnished cheaply with no style and never book a night even if it is the lease expensive place.

Sites like Airdna can offer some valuable data, but starting out you'll need all the capital you have to purchase and furnish/ decorate the home.

I have 105k so that gives me about 27k to furnish, have pictures taken, cleaned, and stocked.

I know the things that can be deducted (furnishing, locks, etc) but does IRS have a time limit from purchase to in service date? 

I have a rented home with now fully furnished rooms and all, and want to see what I could do now that I have the permission of the landlord to do as I like! 

Furnished, mid-term rentals can pull in 75% more in rent and they are rented.

Keep in mind you will be paying for all furnishings, utilities, maintenance and yard work year round.- I own VR properties and also manage the reservations for other peoples VR properties, and can tell you responding to inquiries can be a full time, 7 day a week job.

Look at it from the host's perspective: they are the ones who have invested their $$ into the purchase, furnishings, improvements and operational expenses for the property and are allowing total strangers to use the property for their vacations.

A lot of “by the room” landlords add things like furnishing and pay for cable/internet.