Not so good news for all the people who depend on volume and velocity of transactions, from loan originators to furniture companies to real estate agents. 

Quote from @Josh Havekost: Just to be clear the 18/ SQ foot is JUST the design fee, does not include furniture or anything.

One guest said he liked that he could go a whole week without running the dishwasher.And real furniture that’s actually comfortable.

And then they pay for the furniture outside of that ... usually around 25-35% of new-furniture cost. 

That means your STR losses, especially if you do a cost segregation to accelerate depreciation (don't forget about deducting furniture, supplies, utilities, cleaning, and repairs) can offset your W-2 or other active income.So even if you can’t hit REPs in 2025 because of your W-2 job, you may have already qualified for the STRs rules without realizing it.

Your buying power isn’t just the loan amount, it’s the total project budget.With FHA at 3.5 percent down on $300K, your out-of-pocket down payment is roughly:• $300,000 × 3.5 percent ≈ $10,500• Plus closing costs (usually $8K–$12K on FHA in PA)• Plus any upfront reserves your lender requiresYour $50K line of credit will need to cover all of the following:• Down payment• Closing costs• Inspections and appraisal• Rehab• Holding costs during rehab• Furniture if you plan to pad-split or house hack aggressivelyBecause of that, most FHA buyers end up in the $250K–$350K purchase range for a duplex or triplex, depending on rehab scope.2.

They all leave some type of furniture behind and everything was dirty. 

Being intentional with design — putting money to the side to pay a professional designer, buy furniture and accessories — can be all the difference in a 5 star listing or a 2 star listing.

Typically, you want your monthly rent for a mid-term rental to be twice the traditional long-term rental rate to cover the higher vacancy, furniture costs, and utilities.I live in Santa Fe myself, and would be happy to discuss specifics about the market.Jens 

It's a 3 bedroom house, so most tenants don't want to move all their furniture again after only a few months.