Additionally, don’t forget the upfront costs of furnishing and setting up the property for rental use—budget at least $10,000 to $20,000 for furniture, décor, kitchen items, and photography.

When inspection was done, we used several items on there to negotiate it down another $10k to $345k.

If you have access to their forwarding address, email, or phone number, consider sending a final written notice informing them that they have 14 days to contact you and retrieve any remaining items.

Cash flow can also be more volatile as well, since you might make a lot during peak season but barely break even in other months.If you have a good amount of capital to deploy and are interested in scaling, a traditional long-term rental approach with single-family homes—either self-managed or managed by a turnkey provider—could be a more suitable alternative.

Check for big-ticket items like roof, HVAC, and plumbing.

Launder any removable fabric items like curtains and cushion covers with a detergent designed to neutralize odors.Ozone generators can neutralize odors by breaking down odor-causing molecules.

I would also add that perhaps there's more improvements that were made throughout the year that OP maybe isn't considering (even like little items).in addition, items at closing (both at purchase at sale) also affect your basis in the property/gain on sale 

I have remodeled the unit completely prior to putting it to rent, including addressing pre-movein readiness checklist I was given by RL after they walked through the unit (small list of punch items like toilet paper holder, cleaning unit, door stopper etc.).

Ironically, I filed a report already saying my tools and construction items were in the house and the locks had been changed already.

Where are you with these items?