I probably shouldn't answer these kinds of questions when I have one eye on the Saints, even if it is only a practice game....

I am now a licensed hygienist, and while although I don't plan on practicing for very long, it is nice to have steady income.

What are some of the common practices in structuring these agreements between me the developer and the investor? 

Theoretically, you could buy the mortgage prior to auction, however in practice this is highly unlikely as institutional lenders do not favor selling loans once foreclosure plan executed, nor single mortgage sales.

So that state real estate commission charged false advertising and deception practices.

Good news is analyzing properties is great practice and there's and endless sea of them.

@Anthony Susco  while your business practices are normal for the industry  Dohardmoney thrives on newbies with NO money and they suck them into thinking they can get 100% financing for someone doing their first deal. .which we know simply does not exist in the market place other than with these folks. they mitigate that with snagging 2 to 3k up front and not doing the majority of deals that come to them. and of course they can just say they don't qualify which I am sure they don't because they are dealing with newbies that don't have any experience.. its really quite sad what these folks base their business model on.. just another form of guruism is my take on it.. and most of it originated out of Utah unfortunately.

The reason being that it was an open concept plan, and I had freestyle motocross riders that practiced riding at our property.

Here's an interesting story in the Detroit News today:"When loans failed, financial firms practically gave away some homes in Detroit.Warren landlord Alan Thorne said he bought 50 homes for $1 apiece in 2007 from subprime lending giant Ocwen Financial Corp. of Georgia.A year later, his company paid $9,600 for 10 foreclosed homes from Novastar Financial, a Kansas City-based subprime lender, records show.Since then, all but one of the properties have been foreclosed on by the county for nonpayment of taxes."

Furthermore, many states have a shortage of appraisers in these few years, so could be the right timing to enter the market and fill up the demand.However, to differentiate your practice from competitors, being a commercial real estate appraiser could be the way to go.