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Updated over 1 year ago, 08/02/2023
Buying STR in North Georgia - Inspection scaring me.
Need advice: I am in the process of buying a cabin in Blue Ridge, GA for STR purposes. The inspection came back today saying that "the home is adequately constructed," however noted the following concerns:
1. "There have been some separation of the retaining wall at two of the joints causing some displacement of about an inch." Recommends consultation with a retaining wall contractor.
2. Roof is original (17 years old) and shows "significant granule deterioration in some areas," stating it is "likely in the last quarter of life."
3. Water heater is also 17 years old and "nearing end of expected life. Need to budget for replacement."
So my question is: Is this home going to be bleeding money in the long run instead of serving as a profitable STR? Should I be walking away while I still can? Thank you!