It has all new appliances/systems (we have lived here 15 years). 

VA Loan got us for free a 12,000 septic system and all permits closed by county (Huge relief and less PAIN IN THE OKOLE) What was the outcome?

I also have no clue on how the rent system works for section in terms of how you collect rent when its subsided.It's really intriguing and I'm gonna look into it more!

After 6-12 months of use, you'll know it well enough to decide if you want to stick with it or start searching for a better system.

Definitely some hiccups along the way - there were some issues with the heating system which I didn't find out until it got cold, so had to work through that. 

What security system can be used so I can monitor activity there?  

The property needs a new septic system put in (which requires state approval).

He has a great system that works if you work it.CLICK THIS and scroll down for a graphicThe simplest, most trust-worthy process I've read about is generating leads from people that already know you.

I was planning on doing a full gut rehab with updates to electrical and all major systems.

I am a RE investor in DFW and have developed a system for off market deals through SEO.