I'm not actually interested in this one due to the area, but I'm just trying to practice playing with the numbers to see if my line of thinking is correct.Home is foreclosed.

It's my first, so what is the usual practice?  

I've been reading and thinking about it for years (procrastinating) and am now taking the plunge to take some action.I'd like to do my first deal in the next 6 months.I still have a lot to learn, especially on the practical side and look forward to all the good advice I will be able to find here.I've been a project manager in software for close to 15 years now.

As a result I found that it really pulled me down and gave me a lot of anxiety, to the point that I procrastinated listening to massages over the past month (not a good business practice).

There are also certain markets/neighborhoods, where property values are severely depressed, that you may want to go with a lower % as a general practice. 

Bad practice.

So from what I understand the steps to actually becoming a Realtor are as follows. 1)48 Hour Salesperson Pre-examination course.2)Pass the State Exam. 3)Take the 24 hour Missouri Real Estate Practice Course4)Background check5)Select a brokerage and apply for license. 

Here is a link to an Ohio case where a real estate investor was found to have practice law without a license when he prepared documents used in his OWN transactions.  

You're on your own, if you post anything that is not in good practice expect me to crush the comment like a New York roach under a combat boot.

I learnt in Canada and when I look at offers in the US it is practically the same but jargon is slightly different.