However, I have just finished reading the E-myth: Real Estate Investor which is a great book and Than was the co-author.

If you think you're profiting unfairly then turn around and  donate the same amount to a charity, group or individual who could really use it.  

@Kevin Foyteck, welcome to BP and congrats on the purchase of your first condo.Yes, HOA fees and the authority they have can hinder investments in condos.

Not withstanding the above, an individual raising capital in a private securities offering must provide all potential investors with a detailed private plavcement memorandum or he gives up all his statutory defenses in case he he sued by the investors3.

I know of a few individuals who had significant issues with the process to the degree that they had taken nearly all their course work but were then told that due to changing laws they would have to start over.I would like to get advice from you all regarding both the field of Property Management, in general and specifically in Indiana, and in the licensing and additional requirements that I may, as of now, be unaware of to professionally perform in this arena.NOTE:I am currently unable, financially, to make this my primary day-to-day job, so will have to work it around my current career that represents 10 hrs/day during the week.

These are Fannie Mae Forclosures.Other ways are driving around, "driving for dollars" looking at individual bank websites for REO.s, Keep looking, I do spend a lot of time on the computer, but automating searches is a great way to get instant notifications of properties you may be interested in!

To me, private lenders are your actual individual investors, that will lend you money for your project for a certain return or equity split.

I would think you'd be relying on bullet proof disclosures, but my experience tells me there is no such thing, especially with some elderly widow.It's great to hear that you are an attorney and that you tailor to the needs of the individual.

I have started tinkering with residential real estate on the side but would be interested in your opinions if there are other starting points in real estate where I'd add more value than just buying individual SFH's as I'm doing now.

Unless you can find a commercial lender that will qualify you to purchase them with a portfolio loan, then they will need to be acquired individually.