So maybe you can find a few rehab deals to get involved with.

And, how much capital is involved?

I'm interested if others have had success with this, though, and I'm curious what people think of the ethics involved on the buyer's agent side. 

I've been involved in the Indianapolis market for over 5 years and know it well.

As others have pointed out: Your tenant is stealing from you.You do not want to involve the police unless you must.Start the eviction process. 

My company has done up to 15 tracts (parcels) at a time, and one deal that involved 5 independent sellers (us as buyer), with one blanket loan... all handled via the closing attorney, who is a great asset for deals like this.

I removed personal info and info that identifies the actual property and people involved.

Let me know if you're still active and involved in REI.

So to start, I am somewhat new to real estate investing as I have yet to close my first deal, but have been an avid consumer of all real estate investing knowledge for over a decade, and have recently decided what better time than now to really get actively involved in investing in real estate.

Expect the next big real estate bubble crash to be a global meltdown involving China, Japan and Europe and it will be way worse than 2008.