Mark,
There have been some very good thoughts posted here. The first thing you have to realize is that your real estate agent is trying to sell you a place. He will tell you that a rental property will be rented out all the time and you should make money each and every month. DON'T BELIEVE IT! There are a lot of headaches with renting. Think twice about it - and then think more.
However, I have seen some great CYV's for sale that are in excellent shape and are fully furnished. To me, this would be the perfect set-up for a rental. I think that makes more sense than having longer term people move in and out with furnishings. I would think that renters would like a furnished place a lot better.
A final thought, if you do decide to buy a rental - do not go with the cheapest you can find. Renters like nice homes and desirable areas. As with anything, quality shows.
Best of luck.
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