I don't know what a Hampton is or where it's at or why you would want to "summer" there (being that I'm a West Coast person), but I can tell you whoever owns it has a "second home" mortgage, and it's totally on the up-and-up that they rent it to other WASPS (other demographics too, this is just the demographic that is always portrayed on these horrible films that a certain person, whom I may or may not be in matrimony with, loves to watch every November through December) when they aren't using it.

After the Great Recession, a lot of good people got caught up in the horrible loans that were out there and got foreclosed on.

Wow, that seller has a horrible realtor and has really run in to some bad “luck”. 

@Ray Peslar I never made the switch as their changeover was horrible.

If you want to transition your rental to a better neighborhood, though yours doesn't sound horrible, find your purchase first. 

@Zachary Jensen if you dont raise rents a few percentage points, you will find yourself substantially under market over time.It’s not a greed thing, but you’re likely going to sacrifice the capex savings rate with the increases your not realizing, and then replace a roof or do foundation work years from now at higher costs-dipping in to your pocket for the repair.That’s not a horrible thing for a house hack, since it’s your living space too, but over a handful of properties over a decade or two, you’re turning a positive return into a neutral or negative return, which is not how successful businesses are ran.

There is no way a 4/2 house in horrible shape with HVAC replacement will cost you $20K.

My Grandfather has a lifelong hatred of people leaving their barking dogs outside all day and has horrible experiences with them at his own homes.

That's horrible how the company did a bait and switch. 

One that I have talked to had horrible ratings with the better business bureau so will keep looking.