Try to pick a date and time when you expect the weather to be mild and dry.

If NO basement, what is potential damage...proper extraction, sanitation, removal/drying of walls and trim, personal property, etc.

The units rent for $450-500, but I'm really getting bled dry here.

Spent the day pressure washing entire exterior of the house in preparation for contractor to being addressing dry rot issues as well as prepare for new paint.

It still can be a good time to buy, but, as in 08, financing is drying up.

I have put money into things like a necessary new deck, dry rot, new windows (they were only single pane), new flooring, retaining walls etc...just to keep it well maintained.  

Yes, its pretty dry, but it does not practical examples you can read if you download the long version. 

There are several products you can use to harden rotted wood:All can be bought at HDTwo part epoxy - mix the 2 together, apply it and it will dry in minutes.

Looking do to a kitchen, floors, dry wall, bathrooms etc...

Well, it is completely possible that you buy a house today at $500k, the inflation numbers for the next quarter come back bad (pretty likely), causing the fed to clamp down and raise rates again (pretty likely), causing demand in the market to dry up significantly (already happening; look at days on market and price reductions, or talk to any agent), causing the market to dip 15%.