And, a note as to exemptions, I doubt we have investors really cranking out tons of this business, but all state exemptions are subject to determinations by HUD on a case by case basis, if any state exemption fails to adequately address the intent of the law it can be tossed out and the intentions may still be applied.

Your primary duty should be to adequately disclose what you'd want to see if you were the seller in order to make the best possible decision.  

Make sure you retain adequate reserves to get through any foreseeable problem.

My friend has moved to Tampa where he works for an adequate income and also has no debt.

Sounds a little "guruish" to me since I doubt they have the financial backing to adequately reserve for losses.

You will need an adequate amount of time to schedule inspections and not be rushed.

Let's break down your questions and provide adequate answers for real estate investors:1.

Also, if there is a Coinsurance Clause you need to have a limit that adequate or you could face a penalty. 

You should be upgrading the electric service as 60 amp is not adequate these days, but those issues were visible prior to a home inspection so if I was the seller I would be pushing back on that.

At $500 and 90 hours of curriculum, will I have an adequate ROI in the way of knowledge gained, access to MLS and ability to sell my own properties by taking this course?