Holding it and subsidizing the tenant's rent ($50 is NO cash flow) in anticipation of future appreciation is just gambling. 

Your response got me concerned that its a huge gamble and not worth the effort or risk.    

Jack,Bay Area Real estate is a competitive sport.

The public transportation system and the already amazing bike path network is also expanding so that is a good thing to look at to find neighborhoods that are likely to appreciate at a more rapid pace than others.The Colorado market has strong fundamentals overall: diverse and growing job market, active lifestyle, work-life balance, friendly people, the incredible mountains nearby, outdoor sports galore which is skyrocketing in popularity, access to national forests and parks, and significant population growth due to these many positives.

My husband & I bought a home in the small town in VA where our Alma Mater is located because he got tired of not being able to find a hotel room in town during the weekends he wanted to attend a sporting event (most often a football game).

Single Family Home$219,800 4 bd3 ba 1,315 sqftzestimate 225000Turn Key - Fully remodelledOwner financing $10000 down10% interest It will most likely be an STR which will work, but it will definitely not work for a long term rental.It's less than 2miles from a major airport, and less than 10miles from sports and entertainment.Is this worth it?

I would look for markets that already regulate STR rather than gamble on those that don't.

@Tassany Prasoeuthsy history is hugeIt’s cool if you make 100k a year and have no problem paying but if you don’t have a credit or rental history that is some proof of being responsible in the past then I say your gambling by accepting them.

When I do a walk through with them when first showing the house and I ask them questions such as what they are going to school for, are you on any of the sports teams, what fraternity are you in etc just as small talk because I have learned over the years from asking other student tenants which has worked amazing for me on whom to look out for.

The higher end of that range would be appropriate for an RV park with daily traffic and a full package of amenities (pool, clubhouse, sport courts, premium landscaping, etc).