Has he raced? $500 for a TB stud fee for a race horse is beyond cheap. And most of the time you get what you pay for
I believe he finished in the money in the King Cotton. I have very little information on him that is why I though I would ask. That stud fee of $500.00 sends a red flag to me. I doubt that anything from him would be worth much but his sire seems good.
While his race record is decent enough I don't care for him physically based on this one (albeit oddly angled and difficult to see) conformation photo. The third aspect of the equation, pedigree, has some nice names (Danzig, Wavering Monarch, The Minstrel, Sea Bird, War Admiral) but not as much black type as I would like to see in a stallion prospect. There are, however, some nicely bred youngsters in the female family coming up, so the potential for improvement in his page is definitely possible.
For the $500 in Arkansas - and actually standing at the same farm as Skeet - I would go with Proper Reality, a little lighter in the pedigree big name- wise but far more accomplished on the racetrack, and a proven sire of winners.