I'm looking at a couple of auctions at Flippa, this is one: http://flippa.com/auctions/91117/Pal...3-1-NO-RESERVE
If it is indeed making $55 a month, and takes no time to manage, does $500 look like a reasonable offer? I appreciate it's going to be a risk so don't want to spend too much on my first site, but this does appear a fairly established site and has a regular income. I'm attracted to the fact that it doesn't require regular work.
Is there anything I need to be worried about?