Then it will become a profit center.

We see it all the time with the conversations on what cars/vehicles folks drive :) here in BP there is a badge of honor to drive a 20 year old 250k mile car/truck :) Myself I saw my dad do some of this although he never got to the utra wealthy stage by a long shot but made good money in RE however it was not until he bought old style timeshare in Maui that he would finally take a vacation..

Also how about STR for the properties close to the KU medical center?

If the house is staged, it would be the nicest-looking main areas.

I'm 24 and still in the "learning stage" but want to move forward on my first purchase in the next ~12 months.

Staging 5.

At this stage I do not know if responsibility for necessary termite infestation treatment is determined purely by the articles of association and other incorporation documents of the HOA or are the HOA directors in direct breach of any Broward County, Florida State or Federal laws in not doing anything about the ( apparently widespread ) termite problem in the community ?

The older the home and the closer to the city center, the less likely an HOA even exists. 

I'm an LP in 24 retail big box centers, we just lost 3 Conns Home stores out of 174 closing in 15 states plus closing their 280 Badcocks furniture and more stores too.

In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC.