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 

The financial viability of the strategy is maximized when a Cost Segregation Study can allocate a high percentage of the purchase price to short-life assets (like furniture and fixtures), leveraging the current 100% Bonus Depreciation to create a substantial "paper loss" in the first year.To use the 100% Bonus Depreciation against your 2025 W2 income, the STR and its eligible assets must be fully "placed in service" by December 31, 2025.

If you need to make some design improvements - have the furniture ordered the day or closing and the photographer soon thereafter.

I’d first ask CMHA locally how they’ll view the change, mock up furniture in both layouts, and only convert units where the rent bump outweighs cost and potential market shrink.

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.

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

I do not have a lot of cash flow in general, so I would be taking an interest free credit card to pay for the furniture and if I evened out for a year then started making profit that would be great.

I literally walked in one last month with mold and mildew growing on the couch and other living room furniture. 

@Matthew Fisher So far I’ve felt most of the management platforms are bulky and cumbersome.

Unless you have a perfectly flat floor, the floating floor is going to flex as people walk on it, put furniture on it, etc, and the worse true your floor is the better that locking system has to be to keep the planks from coming apart.