@Marian Huish Yes, the property is vacant, There was furniture staged at one point but it's completely empty now.

So, I have considered using peer to peer lenders to fund my rehab expenses on a deal, as well as purchasing furniture for the property. 

Here are the numbers:Purchase price - $210,000, with $4000 put in escrow by the sellers for repairsDown payment - 10% / $21,000Closing costs - $5000, about half in closing fee and half in pre-paids (taxes, insurance)Total cash out of pocket - $26,000Renovation costs - $23,000 ($4,000 paid from escrow), for above-mentioned work plus new central A/C and new electrical panel Furniture cost - $8,000. 

Yeah, I agree with you and I think that is going to be my next step @Sam ShuehI'm sure they will challenge the $150k/year as well, but I actually think those are conservative projections based on what we have been doing for the past few months now that we have all the units activated.Yes, the units are furnished as well, but I was not including that in the NOI calculation because my understanding is furniture would be considered CapEx for my use.You can see the units here: bit.ly/thefifehouse

When somebody uses that lock box to see the house , and they move their furniture in at the same time , you have squatters .I meet with each prospective tenant .

Take the hit, take the rest you wind-fall and do what ever you want.Have fun with your cash - be conservative and always ask for seller financing when making offers to buy - we call it "contract candy", anything the seller can add, all the furniture, car, cash back at settlement, seller financing, a lot he may own, a home warranty - etc (also called "can-adds).

I went online and on her facebook page she has a post: "Selling furniture.

Other than that I don't have much luck with furniture or appliances.

Channel, frequency, firmware, software, security settings, noise in the environment, something as simple as moving furniture around can impact coverage. 

I have just purchased a 76,000€ flat which I am hoping to rent without any renovations (or furniture) for €450.