The studio is operating as a medium-term rental, and we have had a lot of success with Furnished Finder.

You likely do not need personal property coverage unless it is a furnished unit. 

We own a home in Central Park (Stapleton) and would like to set it up as a furnished rental for traveling nurses and professionals.

We had just spent $40k to furnish this new cabin, $3000 insurance is a joke!

(Pre-ordered my copy of 30 Day Stay ;0)Using Furnished Finder, I see the following stats...Map Searches and Housing Requests for the Alpharetta area (last 12 months):173,738Map and Property Listing Page Views for the Alpharetta area (last 12 months):960,468There are 2 hospitals near me, 15 miles apart.

Each building is comprised of (29) studio suites and (4) 1-bedroom suites -- fully furnished units with kitchenettes, a 24-hour fitness center, laundry facilities, a full-service bar and mobile check-in.

You will need to do rent by the room and possibly look at a furnished rental approach to get the most cash flow out of a property.

If you do agree to pay for the paint or part of it anyway I would suggest you require the client to furnish you a receipt. 

Furnished for STR What was the outcome?

To get a property to make sense in this market you need to be willing to be creative and do things such as renting out units furnished, rehabbing, converting garages to ADUs or building ground up construction...that said some areas of town and certain types of properties are better suited for adding value with an ADU.