My grandma's house in Savannah is for sale (my paternal grandmother Henrietta). My dad sold it for something in the low $200,000s in 2001, and it is currently going for $965,000. To be fair, they put in a lot of work and there were likely structural issues. On the other hand, they didn't put in no $700,000. I have always been heartbroken about it, but my dad reasonably asked, do you want to live there now? To which the answer was no. I wanted to fix it up and rent it, not for income, but just to keep the house in the family until some nebulous future in which I want to live there. But my dad didn't want to be in charge of expensive renovation followed by the hassles of being a small landlord---fair enough. I imagine there is some property management company that could do it for you? And we could offer a long lease? But even if we retire sometime in the dim future and move to the area we'll probably live in my dad's house or the other house we are entitled to build on the property (we got a conservation easement which entitles us to build one more house, but the rest has to stay undeveloped forever. Brilliant idea on my dad's part, and he talked quite a number of neighbors into it too, thereby preserving more of the beautiful May River.) I imagine me and my brother living there side by side as crotchety old people telling those kids to get off our darn lawn. But, it's Grandma's house. Haunted like a mofo, but I'm used to that. The precious, we wants it.