In fact, he has sent me to some networking events and they were all varying degrees of successful.

I'm in Texas (Dallas County) as this might be helpful since this can vary from state to state or county to county.Home hasn't been updated since purchased in 1961 and is only 1,254 sq.ft.

Greg I think this can vary by region.

Real estate here is a notoriously inefficient market, so appraisal prices can vary wildly. 

As far it relates to HGTV... even they need projects to work on and I'm sure they don't and can't strictly rely on the MLS.

This gentleman is also a disabled veteran who relies on VA benefits and is very concerned about future rent increases due to his fixed monthly income.

In Georgia we have to bring cash or equivalents to the auction so you need to have the cash, a backer or an asset to borrow against.Its a high risk/medium reward proposition in my area, but your results may vary so make sure you understand that going in.

By the way I will search more for leverage options:)Dear @Mike Sivert, you are right that it can vary on many options but checking the zillow, craigslist and 50% rule of thumb will be solution for me at this moment. 

I have connected with a few but with varying results and none were a good fit.

Rent can vary from one house to the next on the same street depending on the condition of the property, square footage, etc.