Quote from @Judson Heess: I think you're worrying yourself over something that is extremely unlikely to happen.You aren't evicting your tenant.

Something that will last for years to come.

@Amran MusaidYou need to to ask the seller as typically seller will only be in first position and not take on a second - so before going to deep down the rabbit hole this is something you will need to understand

So... waiting on the Fed to do something is a mistake 99.9% of the time. 

We dont have a hot tub at home, so if 2 properties are the same, we would rent the one with a hot tub to enjoy something we dont normally have. 

The owner is hoping for something closer to $200k to reflect the income but that is way out of line ( I think ) as the property will need work, its not going to appreciate much if at all and I don’t want to buy a $20000 job !

Am I missing something?

Would like to see what other options are out there for something like this.

Something could have been missed.

See if there is something like that in your area.