Based on your financial situation and goals, here are some considerations and recommendations:Property Type: Given your strong financial position and experience with real estate appreciation, you have flexibility in choosing between a single-family home (SFH) and a multi-unit property like a triplex or fourplex.

Narrowing down your goals will help you better choose a market the fits your investment criteria.

Choosing the right location is the most important, as well as understanding its risk/return profile and decide if you're ok with it.

Once you choose your depreciation schedule, you cannot modify it mid stream, you are on that path until you either sell the property or deplete the depreciation life of that component. 

@Kaias BlancoI will share with you some advice I got when I was about your age… maybe a few years older… I’m now 54… and this advice has served me well through the years; and it sounds so simplistic:   “You are where you are because you choose to be there.”What that means is that the limits as you currently see them are self imposed.  

It's important to choose that one and commit to using it.

You may be able to do the repairs yourself, but I'd encourage you to get the professional pest company to guarantee their work on stopping the termite issue.And, as others have said, depending on what the inspector finds, you can try to renegotiate with the Seller, ask for a credit, or choose to walk away from the deal.

Additionally, we are looking to connect with anyone who may be interested in acquiring the property should we choose to move forward with a sale.If anyone has advice or potential connections they could share, it would be greatly appreciated.

You offered to let the tenants choose the repairs they would want to make.

-What factors to consider when choosing?