My question to those willing to answer is how should I approach pursuing this deal without the cash to purchase it myself?

The tenant isn't borrowing money from you by paying on the 7th of the month, nor are you not enforcing your lease since you're issuing a pay or quit notice.I'm positing a different approach, one that comes with a letter, text, or e-mail, whatever your preference may be, to soften the blow of that notice.

As it’s my first deal, I am approaching it with an open mind as to what I do at the end of the remodel; sell the updated property or rent it.

You can search Kunversion on Youtube for some basic tutorials...its quite incredible and no extra charge with eXp.  

Thanks @Joaquin Rosario, that's an approach that I hadn't thought of yet (JV partnership).

Trying to figure out least costly approach in resolving this.

I want to start Driving for Dollars, but taking a much more aggressive approach to it. 

If I'm 90+ years old, still have my apartments, and someone approaches me to sell them I think it will go something like this:1.)

The seller is willing to do seller financing with a reasonable rate for 70% LTV.I would like to offer him this: I will get a loan from a bank for 75% and for him to carry a note for 25%.So, I would be getting the property for zero downpayment.Not sure how to approach the topic.

So, I've been approached through a friend for an investment in a large scale hemp farm (couple of hundred acres).