Tenant shall properly use, operate and safeguard Premises, including if applicable, and landscaping, furniture, furnishings and appliances, and all mechanical, electrical, gas and plumbing fixtures, and smoke alarms, and keep them and the Premises clean, sanitary and well ventilated.F.

You will want curtains, appliances and furniture and petunias for the garden.So principal and interest will be about $1,331 property taxes vary depending on where you are but let’s say $115, home owner’s insurance $100, mortgage insurance $121 so you are paying about $1,665 per month, every month for 30 years.

Broken appliances, missing basics like a cork screw, no artwork on the walls and cold, ratty furniture that was clearly second-hand, noisy neighbors, and more.

We went with a modern/rustic theme - added string lights in the back yard, black paint on the stone fireplace, and a mix of modern and rustic furniture and light fixtures, etc. 

Not only will appliances and mechanicals need updating, but linens, furniture and decorations also need updates over time.

For instance is buying furnitures to furnace the house consider part of normal management activities? 

I need to figure out what the best locations may be and how to estimate costs such as management, maintenance, cleaning as well as furniture, towels and kitchen items initially.  

Would it be logical to STR instead of LTR after project is finished and I move out (I no longer have to U-Haul furniture across the US 2x a year and I can look for markets beyond the Southeast and Midwest)?

and how did you factor the cost of furniture into your calculation?

Furniture, mattresses, pillows, linens, towels, bath mats, soap dispensers, hair dryers, iron, ironing board, vacuum, a FULLY stocked kitchen, TVs, cable, internet, rugs, outdoor furniture, hot tub (maybe?)