Range of options for inherited house in disrepair
Over the past decade many of the homes around it have been gentrified by additions and eye-pleasing remodeling.
A few of the smaller houses have been torn down and replaced by new homes whose architecture fits the neighborhood.
[...] the yard is overgrown, repairs are needed, and it will take a lot of money to fix up.
The direction you take will depend on the time and money you have to invest.
To get the house into rental shape a good cleaning and an interior paint job is required.
Replacing kitchen or bathroom tile can be expensive so try to bring it back to life with polish and elbow grease.
When it sparkles, call the real estate agent back and ask her to give you a new listing price.
Going a step further, adding a master bedroom and bath to increase the two-bedroom, one-bath to a three-bedroom, two-bath home should greatly increase the value and may make good economic sense.
If the best houses in the neighborhood are selling for three to four times what you can get for your aunt's house, we think it's at least worth the mental exercise.