I'll keep thinking it through and studying similar posts on BP for other possible options.

If you have done nothing up till this point except study then your next step is to take action.

I am currently studying for my state broker's license, my long term goal is to own my own real estate firm one day.Never stop learning, surround yourself with other who are more more successful than you, and do not take the word 'NO' for an answer. 

But the issues raised in the article are very troubling to hear, such as "your property" can be charged with a crime (but not you), and it is then presumed guilty, seized, and then you have to prove it was not at significant cost in terms of legal fees.  

We will only do this for those who stay loyal and prove themselves to us.  

This legislative session they were asked to sponsor legislation to allow for an out of court binding dispute resolution process that would empower home owners in enforcing HOA laws with an affordable, expeditious, and accessible venue to resolve disputes (a process recommended in a State HOA Study); end the abusive, excessive, and illegal HOA Transfer fee on home sales that costs home owners millions of dollars each year; to limit the excessive collection of fees and lawyer assessments on HOA debt; and most recently provide financial relief to small HOAs in the property manager licensing program.

You cannot prove work comp to a state regulator by just not having it, there is a formal process to self-insured.Lastly, to the original poster@Jim Carson , living in Indianapolis, and knowing a lot about insurance, repeat this mantra when thinking about insurance. 

I would like to add that whether you get one or not, I always used to recommend to a new investor that they get the state issued real estate law book and study it, My point is they should have at least as much knowledge as the average new agent and preferably more. 

Each day I take some time to study and take action. 

I have spent many years studying the stock exchange(s) and eventually I came to the realization that one thing, and one thing only, determines the direction of the market: the behavior of people.