However, if you remember the presidential candidate from years ago who was Dallas based, Ross Perot, he said, if you want to make a billion dollars in real estate, buy in the path of progress. 

Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

They have an app that you can run comps on, play with rehab budgets, do ARV calculations as you drive for dollars and apply for the loan on the spot.

I am always cynical of those that post on here stating that they have X number of dollars, but I'll play along.2.

TIAErich  Erich - I would echo other's comments, but also point you in the direction of a Bigger Pocket book, "Estimating Rehab Costs" - It's a 2019 version, so the actual dollar amounts will need to be increased, but it can give you a good starting point for the process that you can refine/update over time. 

No one has ever lost a dollar…………we use new investor money to make up loses of old investors5.

MOST of The folks that talk about driving for dollars don’t drive for dollars!!!

These are places you would spend your vacation dollars with your family to go have a good time for a week or longer.

It’s been several years ago so I don’t know the exact amount to the dollar, but it was over 100 K.

I generally look for the areas of a market that have a large amount of available rentals on sites like Zillow or Redfin that are closer in dollar amount to the FMRs for that county.