Don't forget to familiarize yourself with local laws and regulations; hiring a local attorney can help navigate the legal aspects.

Like all aspects of investing, the most important step is to do your research on the home and tenant.Review their original applications to ensure the current residents meet all qualifications.

Others were much more diligent in this aspect and required Letters from your CPA ( which is how my few syndicated investments went).

Those landlords had best take some time out to study the law.When a landlord implements standards which are designed to eliminate certain aspects of risk, such as minimum income levels and credit scores, and those standards are equally applied to all applicants it is not discrimination or illegal.

Here's a list of tools you can use to automate rent collection and other aspects of your business.

However, you need to learn about it specially the legal aspect behind it so you comply with the SEC but yes, it is possible you can buy properties without using your money.

I've been a spectator in this community on and off for a while now.

They sell the investor aspects that make the home higher than regular market value in many cases :)   It is pathetic to see non vacation rental realtors butcher good listings. 

Coaching fee's, which could be the most expensive aspect in a RE course alone would run you in 1000's for an 6 or 8 week program.What you put out in service will come back to you exponentiallyYou know who you are...thank you... everyone.

I am also researching lot of these aspect.