There is some good info on this site about a series LLC, but a quick google search will explain the basic premise.

BP is the ultimate real estate investing site around!

Site size, view, amenities, outbuildings, finishes, etc. are ignored completely... and these matter.

I don't believe that i personally need to have capital to get started, but every time i find a deal that i get excited about i get frozen, don't act, and lose the opportunity First thing I need advice is how can I approach a deal with no money?

I don't believe that i personally need to have capital to get started, but every time i find a deal that i get excited about i get frozen, don't act, and lose the opportunity First thing I need advice is how can I approach a deal with no money?

If they want the rent that bad then tell them you'll close when the tenants are out. agree with Neal.. get tenants out then close.. unless this is a screaming deal.. and you dont want to risk losing it.

Would be nice if your share the info (address, auction site, etc) with the new guys and maybe throw them a bone.

If he does so, offer to give him a good reference.I cant imagine talking to a lawyer over 50 bucks.. just take the check.. write them a nice letter and tell them that the late fee should be on the next rent payment.I have seen so many landlords step over dollars to collect pennies.. you going to evict someone over 50 bucks and now have vacancy with the risk ( depending on your area) that comes with that and the lose of rent.. this to me is just not wise move.. 

I'm nervous because since I wouldn't be available on site any time something goes wrong. 

Capitalize on all of the free resources this site has available at your disposal.