When we first saw it, it was a bit (okay, a lot) run down, but we loved that it was very walkable to downtown, but just up the hill enough to get some fantastic views. It was very much not what we were looking for, but we fell in love with it. Over the next year or two we did some renovations while living there - updated the kitchen, refinished the hardwood floors, re-configured the back bedroom a bit, new carpet in the master bedroom, and new paint pretty much everywhere. More recently we completed another round of improvements, particularly the master bath, living room, back bathroom, along with some less exciting needed under-the-hood updates.
Oddly enough, it was something of a package deal with two adjacent vacant lots; we later built on the lot to the South, where we now live. So when not renting via VRBO, we often have friends & family staying in it when visiting.
Someday we may just move back into it ourselves! During the 2020 lockdown we had a "staycation" weekend in it when not rented and were reminded how much we enjoy this house.