You have no payment history and the tenant is either in trouble and genuinely cannot pay rent, or is trying it on and looking to establish a relationship in which late rent payments are OK.

Find lenders who may supply free credit counseling, get a team of people together who shares your interest in helping people get out of trouble.

Being a Realtor, I offered to list it for him and see what the open market would produce.

Im having trouble finding rent rates for the area as well. 

Just so I know, for talking to other people, I would like to know which lender is so much trouble.

Although there are some properties listed on the MLS that will produce a return for a flipper, most are listed to high and to deteriorated to turn a decent return.     

Seems like a home run in the short term but long-term it just seems like it would be too much trouble.

If the property can produce a profit, why isn't the current owner getting it?

Being a Realtor, I offered to list it for him and see what the open market would produce.

I have about 500k right now but will have access to another 500k in the next 2 months or so and am looking to expand but am having some trouble finding the homes now with all the other rehabbers and large buy and hold companies in the area.