If I were you I would be looking at this as an opportunity to really negotiate price and other items that you want to make happen (credit back at closing, fully furnished and more). 

If you are trying to convert a property under and hoa into an str, your job gets even more complicated as the HOA itself may have its own regulations IF it even accepts it at all.caution: STR market is over saturated in these parts and some of them are shuting down and being converted into corporate housing, mid term rentals, or furnished long term rentals.

The delta for a furnished rental was large enough for it to make sense.

They furnish it, pay the utilities and rent it out to people staying for a short time. 

I use the following criteria: Applicants minimum requirements Policy:Applicant’s gross monthly income must equal approximately three times or more the monthly rent.Applicants must be employed and be able to furnish acceptable proof of the required income.Applicants must have a credit score at or above 600.Applicants must have good references concerning rental payment, housekeeping, and property maintenance from all previous Landlords.Applicants do not have a history containing evictions.Applicants do not have a history with felony convictions.

How much can I expect to furnish each property? 

But I don't have the bandwidth to keep furnishing these properties and I also want to make sure I'm not moving too fast.

Plus you'll have to pay to furnish the space, if it isn't already furnished. 

See the source here:https://www.irs.gov/retirement-plans/plan-participant-employ...Therefore, if your property management company manages 401k-owned property, it would be breaking two IRS rules: - Furnishing services to the plan- Receiving personal benefit (compensation) 

The house is a 2-bedroom, 2-bathroom with 1200 sqft of space, fully furnished, and it allows dogs.