Two other books that will help you as an agent for prospecting (which I believe is the most essential skill to a Realtors career) is:Fanatical Prospecting by Jen BlountGo For No by Fenton and Waltz

I would figure that you could essentially be labeled as just an assistance company (for lack of another creative term at the moment) to owners to do odd end jobs like virtual assistants do with taking maintenance requests, showing properties, preparing documents, etc. 

I also don't really recommend arbitraging because you essentially have very little control over your business, the landlord controls it.

I purchased a SFR for $40k less than FMV and renovated the basement into a separate unit (essentially creating a duplex). 

Either of these processes can take time.Does the law firm have a legal time limit to complete the foreclosure process or is it essentially open ended ?

You'll essentially be buying the property for cash, so no one is going to ask you where you got the cash (other than maybe the IRS).  

renovated the kitchen and bathrooms What was the outcome?

How much can you sell it for Rehabbed in 30-45 daysRehab will consist of new stainless steel appliances, new kitchen cabinets, new bathroom vanity, mirror, toilet, bathtub, refinished hardwood floors and new paint throughout.

@Matthew Forrest this is a new law for us here in CA so there is still some ambiguity in the process.The lenders we use are saying that they will lend based on the new income (as long as the ADUs are permitted) and essentially count the ADUs as normal units. 

I'd get one with with a full bathroom in the basement.