Is there anything in the market without the monthly subscription fees?

You are talking about well over $1 million in startup costs, not including furnishing and initial holding costs.

I try to convey that in my direct marketing materials. 

Blairsville's growing market further enhanced its appeal.

If they don't pay it in full, then you continue to market it and offer it to the next qualified applicant.

For a rental in my market that would be NEWER than average as most rentals were built 1890-1920.

Griffith's growing market further enhanced its appeal.

In a high priced market like ours, off market distress, vacants and tired out of state land lords is the way to go!   

I like the way you're thinking with respect to the San Luis Obispo housing market.

Unless it's in really bad shape, it's usually worth it to get 2-3 real estate agents to give you a market analysis with estimated seller net (even if you're out of state, they can email it to you) so you can compare before you agree to sell.