That is a nice property, unfortunately I think you are just falling victim to a saturated STR market that saw a decline in people using STRs after a couple years of inflated numbers of people coming here during / post Covid.Nathan brings up a good point about throwing more money at it. 

Prior to 2008, the market was saturated with “no money down” schemes that required little-to-no capital expenditures from the borrower.

Moreover, I am curious if the market for short-term rentals in the area is already saturated.

.#3 sounds like a big mess, soaking everything may make it worse.It depends on how saturated that old hardwood is. 

The reality is, the STR market downtown is quite saturated, and the bad operators are starting to sell.

The Orlando Disney market is heavily saturated in the smaller size properties (4 bedrooms or less) rented on Airbnb.

The rental market is saturated right now and likely will not stabilize for another year or 2. 

-Job growth/economic trend in the local pockets -Is the 'silicon slope' (Lehi) overrated/saturated? 

I think you can get an idea on how saturated it is by using AirDNA.co.

Hey Alfonso - We have had some good experiences shifting our STR's to mid term which we have done the last couple of months just with a more saturated STR market.