Still using it for over 3 years
PROS:
-Exports to TurboTax, including expenses, income, and mileage
-Enter expenses tagged to a line item in one place, such as mileage (i.e. good for tracking mileage to Home Depot by tagging mileage to my purchase expense for that trip)
-Somewhat easy to share expenses across properties
-Saves all types of business names that a user enters, and displays them in a drop down menu for future entries
-Excellent for novice rental property owners

CONS:
-Known report printing issues (note the workaround below that I figured out)
-Somewhat cumbersome to enter line items

DETAILS~
QRPM is excellent for the novice rental property owner, and still good for a seasoned owner. When I first bought my rental properties 4 years ago, I had an accountant complete my taxes. I had to give him TOTAL expense and revenue figures, so I got this program to help guide me. QRPM has all the categories for all types of expenses for tax reporting purposes, and I find it to be very helpful. I am an extremely avid Excel user, and I had no clue which expenses should be applied to which category, and if those categories could be written off completely or partially from income taxes.

Printing Problems with Quicken Rental Property Manager 2.0 and Solution:
Printing the reports does not work properly in this version of QRPM, and according to Intuit's Support Q&A, is a known bug. However, there is a workaround that I figured out on my own:
1. When viewing a report, click the Print button, and then select "Export to tab separated value file."
2. QRPM then gives the option to save the text/data to a Notepad (.txt) file to save.
3. After saving, open the .txt file and copy/paste the data to Excel
4. Print the report from Excel, after adjusting the column widths a little bit.
(You'd think the folks at Intuit would have added it as a suggested workaround for this print problem on their Support Q&A section.)

When entering line items, one has to select Enter Expense or Enter Rent, and pop-up screen shows for changing and/or entering the date, the $ amount, the category, mileage, etc. It's a little cumbersome to someone like me who is used to Excel, where it is easy to use the keyboard for navigating around a spreadsheet, rather than clicking here and clicking there for entries. However, if you want the enter the same item multiple times (such as entering all rent or all Home Depot expenses for the year at once), QRPM can easily copy the previous entry with minor adjustments needed.

The Shared Expenses option is helpful if you own more than one property. It manages and splits the data as you input it. My only complaint is the same about it being a little cumbersome.

Because my accountant literally doubled his fees from 0 to 0 a couple of years ago, and he uses tax software for data entry (with most of the work already done by me), I decided to use TurboTax instead. I was so happy to discover that exporting data from QRPM to TurboTax is easy.

Using QRPM and TurboTax has saved me so much money, even when I opt to pay extra for a TurboTax accountant to review my return plus the tax audit insurance. Until H&R Block's TaxCut (which is even less expensive than TurboTax) can import from QRPM or H&R Block creates a cheaper and better program than QRPM, I am sticking with QRPM and TurboTax.

SUMMARY~
All in all, I am very happy with QRPM and give it 4 out of 5. If there were no printing problems and it was a little less cumbersome, I would have given it all 5 stars. Because I figured out the printing workaround, I deduct 0.5 points from my score (which would have been a -1 without the workaround). I would deduct another -1 for the somewhat cumbersome data entry, but add back +0.5 for the ease of entering similar data multiple times.

Quicken property manager
Quicken is a decent small number of rentals manager with helpful tax data presentation. The problem is that they are not friendly to previous purchasers. Anyone who buys this software should be prepared to pay full price for any upgrades. Most software I buy does offer a discount to upgrade to previous owners. I would be happy to pay a reasonable upgrade fee.

Save your money
Anyone still thinking about buying this should look somewhere else - use MS money or a spreadsheet.

Not only is it not very useful, but you can't even update the mileage rate on your own so you can't generate a correct end of year report. Quicken customer support says it will be in the next release. Well, it's already two years old with no updates in sight. Save your money and buy something else.

I've always heard great things about Intuit but this and another of their popular tax programs have both been a major disappointment.

Quicken Real estate BlackMail scheme
I bought this product in 2005 with big hopes that quickly fell short. There were several updates made to the system which were provided automatically if you used the default setup.

With the new release of Version 2.5, it appears that Quicken has decided to not allow previous users to Auto Update the software if they re-install it or try to install it on a new computer.
Here's the catch.. Older versions wont open your files once the auto update runs and your files get saved.
After a painful 3 hours attempting to get an answer from customer service, I received an email telling me that the only way to open my files was pay an additional 0 to buy the newest version of the product. So, they have effectively blackmailed anyone who previously bought the product into buying it again to get to their files, if they have computer problems and have to reinstall the software.

This software is not ready for prime time. It beats a shoe box but if you have an issue with the software be prepared to go through all your receipts and manual figure out your income/expense sheets.
No, the backup files don't open either.

Disappointed and NOT recommended
This is the first piece of Quicken software that has ever really let me down. Quicken Rental Property Manager 2.0 has turned out to be a fancy interface for a spreadsheet. While it will keep tenant information and track income and expenses by property, that's about all it will do. Do not expect to be abe to issue rent receipts or anything else. Buyer beware!