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This is because interest rates have more than doubled. 

That’s back to the staple 4% rule.. and doubling of the base amount in some 13yrs is ~5.5% yield, assuming no withdrawals….

Grading slopes toward the house, all plumbing is glued together, breaker box has double tapped wires, drywall is shotty, septic didn't perk but he put one in anyway, etc...My question is this:  With a home like this that could sell quickly once I make a few more repairs, would it be better to sell it outright or hang onto it for a long term rental?  

The seller signs a form which then the information can be released to you from the IRS.Some sellers keep double books.  

Many years ago I was talking to a tenant at a complex we owned and she made a comment about her credit being so bad that she had to give a "double deposit".

He said it rents for $1350, double checked if that was correct and it is.

The cleveland market has not doubled in 4 years.

Double the congratulations from Ron, and a preemptive welcome to Asheville.I was in a similar situation last year and just asked the tenants what they thought- they said I could give them a free month's rent and that would be worth the hassle for them finding a new place and moving.

It was more about looking at areas that I thought would cash flow decently and provide double digit ROI.