Would you buy an investment STR property with mold in crawlspace?

[Marina Feldberg]

Just had an inspection done on my first investment property and inspector found standing water and mold in crawlspace. When making an offer realtor suggested to have an inspection as contingency but for buyers purpose only (making an offer more desirable to seller - they would not be expected to remediate any findings). My offer is already at the top of my budget and may not even appraise for full price. In this crazy competitive sellers market, where properties fly off market in 3 days or less with multiple offers and inspection contingencies waived, should I ask for concessions from the seller???  

[Greg Scott]

Is there any house on the planet that doesn't have mold?  

The bigger questions is the extent and type of mold.  Surface mold is easily remedied with a mix of water and bleach.  If it has permeated a porous material, like drywall, mitigation may be in order. 

Having been in a few crawl spaces with water, if the water has been there constantly, there might be mold on the underside of your flooring, which could be a problem.  But, if it is just mold on pieces of wood construction debris and surface mold on hard surfaces, not a huge issue. Getting rid of the water with a sump or better grading is job #1 in either case.  Once dry, remove moldy construction debris and clean hard surfaces.