You may get good news - rents easily, low vacancy, good long term tenants, willing to manage the property for you.

Good news is you have half of a year to try and offset what ever gain you may receive.

Although we have less sub-prime debt, people are barely able to afford a house here and we're hearing doom and gloom in the news every single day.

As a Northern California resident I found this interesting: http://www.businessweek.com/news/2012-05-30/toll-buying-half-of-a-2-379-home-california-subdivision

The app they developed is pure genius, different, and, IMHO shows the kind of thinking that got them where they are and proves again that out of the box thinking is possible, even in real estate.http://www.inman.com/news/2012/03/9/sawbuck-app-serves-real-estate-data-snapshots

While I would agree with the assessment and definitions, I would not sugggest anyone take any advice from this person.Read for yourself all about her via Google, one of those articles being this one:http://articles.dailypilot.com/2011-02-10/news/tn-dpt-0211-hanover-20110210_1_fbi-agent-federal-agent-fbi-offices

The "official news" says prices haven't gone up but you can clearly see prices are much higher in certain areas like Phoenix ,etc.

Jonathan,Congrats on the great news.

The good news, proper evaluation of any income generating asset is pretty straight forward.

. $500 is decent for the amount of information they give you plus monthly updates on the latest industry news and marketing templates.