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.

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.

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.

They were Class C and D, which take a LOT of time to stay on top the tenants.Padsplit does this, but only with Class A properties & corresponding tenants.Also, be aware YOU will have to supply kitchen, living room, laundry and other common area furniture and such. 

I have several pieces of furniture leftover from mom and dad (grandfather clock, solid maple table, display hutch, etc). 

I structure leases as furnished, that way I can flex to STR during peak seasons and not have to move any furniture to storage.

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

You're going to run into this in most of the major STR markets because within the last 2 years we have seen a massive spike in available inventory.In order to compete with the competition now, hosts/owners/operators need to step up their game and be willing to invest in good quality furniture, memory foam mattresses, high quality linens, professional seasonal photography, etc.In the high desert, most visitors are looking for peace, quiet, privacy, and amazing scenery so this means stay away from purchasing homes in residential neighborhoods with neighbors on all sides.

Since you bought the property in December 2024, your components fall under the old schedule, meaning 40% bonus depreciation applies in 2025.You’re right that building structure doesn’t qualify, but items from a cost segregation study (like appliances, flooring, furniture, and landscaping) still do, just at the 40% rate.So even though your placed-in-service date is May 2025, the purchase date controls eligibility for 100%.

.🧤 Property Improvement Drives: Donating old appliances, furniture, or materials from renovations to nonprofit organizations like Habitat for Humanity can qualify as a charitable deduction.Pro Tip:Before December 31st, review your receipts, invoices, and bank statements.