While I said $140,000 sounds like a lot of money for a rehab I didn't know the exterior was so bad and the house looks ancient.

That's ancient history.

It was one of those ancient in ground pools with a vinyl liner, cinder block walls and sandy bottom.  

If the house is so old that it has ancient pipes that have never been serviced, or massive trees all around the house that could have roots burrowing into them, etc, etc.

Listening to a cable installer scream like a banshee after running into an ancient cat carcass in the crawlspace.Watching my realtor run out of a house we were looking at, gagging from the overwhelming smell of dog pee.

amazon > search on vacation rental or Airbnb > make sure books have  and lots of good reviews and not too ancient. 

Also, is the property ancient and going to require frequent repairs?

That said you have the ancient tools of the carrot and the stick (cash for keys VS eviction).

If it has ancient leaky windows, though, you might need to upgrade those - although if I was the tenant, I'd want to see that regardless.Alternatively, if you do want to move it and the crawlspace isn't suitable, there are furnace / AC units that can go in an attic.

Dustin at Ancient City Real Estate was great and easy to work with.