Speculation is betting on big drastic turnarounds, this is just a bet that the current trends continue, which they usually do.I don't know LA like I know the Bay Area, is there anything here shaded dark (indicating unusually high income growth) that "everyone knows" is a "rough area"? 

Here is an exert from Inman.com FSBO and discount-broker sales at record lowsYou might think that the internet and today's seller's market is coaxing an unusually large share of homeowners into selling without an agent.

I know Austin has an option period that you pay for the right to do due diligence, which is definitely unusual. 

This would be very unusual in San Antonio, but may be something that varies by market.

@Robert Ellis, it's a necessary evil...similar to my experience with the IRS, when you are trying to do things correctly they will bend over backwards to assist you and answer questions.

., but his real estate advice sounds like a wanna-be ego-driven baller who wants "sexy" properties to brag about at a dinner party with people they don't actually like instead of educating themselves about how to build a long term empire so they don't even have to bend over that perio patient in their op 8 hours a day.

All in all it was like a little slice of heaven in the middle of an upscale suburban neighborhood.But I'm rambling, so really what I'm gathering from everyone's responses is that it's not unusual for Fannie May to be way off about their asking price.

Looking for some assistance from a Agent or Property Manager in the Bend/Redomond area.  

Now that deal was unusual, but I learned so much doing it.Ron (the mentor) was critical in helping me think through the details of the deal and the actions we needed to take to maximize profits.  

This might be a conversation for an accountant in real life because it is such an unusual situation without a simple answer.