•Many STR investors are in the $300,000–$500,000 range, so homes closer to $600,000–$700,000 may face less direct competition but will require higher nightly rates to be profitable.

It's a range and depends on the property type, location, end condition and rental strategy. 

However once all was complete, the tub and toilet water still had a yellowish tent to them.

In my limited understanding it seems like the aforementioned brick needs to be reattached.It is my belief that the damage to the lintels, bricks and the internal water damage is due to the roof.

Just starting to ever so lightly tread into the water....

Hey Rosendo,After 20 years in the game, owning 32 properties and managing 300+, I’ve seen a range of markets and strategies.

Based on your down payment budget ($40k-$60k), at 25% down, you’ll be looking at properties in the $160K-$240K price range.

Can fix the water damage in the basement yourself.

For owner managed properties like this we see expense ratios in the 35%+ range. 

I may specialize in VA loans, but I also offer a range a conventional, FHA, USDA and commercial lending options.