We've got a director of the foreclosure data companies here:http://www.biggerpockets.com/pre-foreclosures.htmlI hope this helps you out.

If I was to find a property, and ask one of the investors to put up $15k and I put up the other $10k, then every quarter split the positive cash flow between us at some pre-determined percentage.

If the dollar keeps falling apart, I might change that and only except gold or pre-1965 silver coins (half kidding).

Which organization should I go through for a pre-licensing course in Indiana?

But those were pre-renovation prices.

As for Laurel, I've seen condo prices increase pre-town center $50K, post-town center $75K for 1bd. 

Also I saw that yellow letters provide list of absentee list and pre-NOD list.

If I get pre-approved (in order to get this letter) now but I don't find a deal, would'nt my pre-approval expire in a certain time and if I have to do that a few times won't that affect my credit score negatively?

The courts will generally throw out any sort of pre-signed deed in lieu of foreclosure (i.e. a "deed-in-lieu" or DIL) if contested by the borrower.

You'll need to raise much more than that because you'll have to cover closing costs, syndication costs (remember the attorneys we talked about), any needed renovation or deferred maintenance that needs to be corrected, the first year's insurance will have to be pre-paid, utility companies will require a deposit (and for 100 units it's not a small deposit), the lender's tax and insurance escrow will have to be funded with a couple of months cushion, and you'll need capital reserves so cash flow isn't too tight.