Unless you stay often during peak season, then you might not make as much revenue on the STR.

-Has no crawlspace (common for older properties) so we couldn't see the foundation-Drywood termite/wood decaying fungi damage seen on all the windows/doors/parts of the beam on the exterior, parts of roof decking and rafters in the attic-Old leaks/moisture damage seen in the ceilings and attic-Parts of the roof has patch work-Roof doesn't have any permits on record (don't know how old it is)Seller's offer to me:-Fumigation treatment for drywood termites (tenting the house)-Replace and repair all damage wood throughout the house-Replace the entire roof with a new permit-Replace one window in every room (not all)-Pay for a structural engineer to inspect the foundation-Offer to get quotes for repairs and have a 15-20K budget to make all repairs, house is 500K.

@Carlos Ptriawanall good points - and not only is money more expensive, but the housing stock is even older, with even more deferred maintenance. 

One issue that I am trying to figure out is out to get my older bank transaction from mint into Empower if its possible.

In this case as long there is 3-6 months seasoning, you should be able to cash out on the new appraised value.

It is an older property with new condos being built within our communities.

@Rick Albert You are correct anywhere can work, but most areas are seasonal or temporary.

The only comment from the inspector was one of the rooms had a floor that was slightly slanted but he said that is normal as the house was built in 1954 and that's normal in older houses.Any advice would be greatly appreciated.

I am constantly adjusting pricing up and down as the season changes. 

The builder will need to be approved by the Bank/Lender or the bank/lender can provide you an already approved builder they have used before in that County.Once the builder is approved the Bank/Lender will have a initial meeting and set up an agreed upon draw phase based on the work that will be completed in phases.Best thing to do is have a conversation with a seasoned Banker or Loan officer to start an application and set up step by step plan.Feel free to reach out if you have any questions I am always happy to help and talk REI.