I also found a “Corporate assignment of Deed of Trust” recorded in March (2014) noting assignor as “MERS” (nominee for Resmae) and assignee as U.S.

Does anybody know how I might be able to access public records in Indiana?

The next time you see it happen, can you take a screencast (scree recording) so we can see it?

Sounds like you have a track record even though its with "little fish".  

They can report you to the Dept of RE in your state, saying you are acting as a licensed agent without a license, and if you apply for a license down the road, it can be a black mark on your record.

I think this is a somewhat unusual question as I searched and wasn't able to find a specific answer.I found a boarded property that just recently transferred ownership from the prior owner to Fannie Mae, the deed appears that it was a foreclosure and recorded just a month ago.  

So their track record is what got them started. 

Kelly,In my experiance, if you have the money for a DP (20%) the banks will go ahead and count the rent on a property towards your income, otherwise you will have to show some track record for that property's performance.  

I would make sure you get your agreement in writing so you are certain you have the first option to buy and then go record that purchase agreement with St.

I would convert it to a duplex.pre-listed on zillow "make me move" for $419,000 back in August 2013. tax records show owner has not changed but the title was last updated Feb. 2013The mailing address on record is in florida so I'm thinking this person refinanced, then went to retire and is inactively trying to sell.I found this property when I was out walking around so I'm familiar with the area and the price seems fair based on my recent purchase nearby.