What are some typical numbers or percentages you’ve seen in practice

Hello fellow investors, how much do you typically spend to fully furnish a 3-bedroom, 2-bath STR home, and what effective strategies have you used to keep furnishing costs down?

These are always $60k+ projects and typically run overbudget when we start tearing out walls. 

No rule, but sellers typically look first at the amount offered, then the time to close, and then the reliability of the money, with cash offers—not any sort of loan—being the most reliable.Traditional banks have never been an option for house flippers.

Yet another important question would be Is this for long term debt, or are you acquiring a distressed asset that requires short term debt (typically what's known as a hard money loan) for a year or two while you acquire and stabilize the property, before transitioning into one of the long-term debt options above?

@Amy Houghton The STR tax loophole generally does not apply to midterm rentals which are typically leased for 30 days or more.

We will typically net $50-$100k on our typical flip before capital gains.  

What is your best advice to sort through anything that is skewed on AirDNA?

Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.Tenant Default: 0-5% probability of eviction or early lease termination.Section 8: Class A rents are too high and won’t be approved.Vacancies: 5-10%, depending on market conditions.Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Class B Properties:Tenant Pool: Majority of FICO scores 620-680, some blemishes, no convictions/evictions in last 5 years.Tenant Default: 5-10% probability of eviction or early lease termination.Vacancies: 10-15%, depending on market conditions.Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, balanced amounts of relative rent & value appreciation.Section 8: Class B rents are usually too high for the Section 8 program.Class C Properties:Tenant Pool: Majority of FICO scores 560-620, many blemishes, but should have no convictions/evictions in last 3 years.

It's definely possible, but ironically, people typically do it the other way around.