You shouldn't really have a need for personal property coverage unless you are furnishing the place yourself.4.

Now more in the $3900 to $3800 range for furnished month to month 1br 1ba condo.

I am not a lawyer, but did some research and will be incorporating my active real estate business as an S-corp (furnished rental business).  

The house normally needs about $1000 of work done, then it needs to be furnished (another $$1500 or so). 

The price of the condo unfurnished is 209,950 and the price furnished is 239,950. 

Spend about $2k to furnish it and fix any problems. 

Another way I’ve spruced revenue is to furnish the common area of my rental and rent by the room for 25-35% more than the whole house would rent for, like market is $3000/mo for a 2br apartment or $2000/room for $4000/mo.

Money there is only one simple definition.You use the word lifestyle, which could mean home, furnishings, travel, food, clothes, cars, etc. but all those things need money.I agree that there are unhappy rich people, but I would imagine there are more unhappy poor people.

You could furnish one and use it as a short term rental (STR).

Like Paul said there is no reason why the Landlord would not cut you out of the picture once you have spent 10k to furnish the place and have it up an running.