The Home Owner Exemption is self-evident. 

I  had their information through BP - either they were member of BP or some local investor recommended them.Once I visited the local markets, looked at the properties , it became evident the market I wanted to be in.  

Assuming that you're not Warren Buffet (or that you don't have a huge net worth that dwarfs the cost of the property you're buying), then you must have adequate cashflow at the property to protect yourself from a market downturn, and the countless other unanticipated expenses that come with owning a property.The moment you begin buying property that requires future appreciation to pencil out, you are no longer investing, you are speculating.  ...and again--unless your speculation is just a tiny portion of your net worth, real estate speculation can get you into hot water very fast (particularly given the uncertainty of the current market).There is a good chance the Salt Lake area will continue to appreciate, but there's also very strong evidence that it will flatten or even depreciate.

I've done a cursory peak at social media and do not see anything concerning.I have come up with some things that worry me, but honestly it's not based on any empirical evidence as I have never rented to people so young. 

As they grew, some things about the company were drastically changing, and it was evident something was in the works behind the scenes.

Since wholesalers deal in at most 10% of the market, it's evident that the phony ethics police are motivated by greed and therefore have moral flaws and"ethics "lapse.They use the ethics argument and castigation as a prop and a pretext to cover for their avarice and greed.

Aloha,Your inspector most certainly should have raised some questions, just by the appearance evident in your photo from the exterior ground level.

I have no evidence, but it seems there is price gouging going on somewhere and a select few are making bank.

I would think it makes sense to have a termite company replace damaged studs as they’d know where to look based on evidence and framing is not as difficult as finish carpentry.

All you need is evidence that it has been a four-plex for a long period of time and they can grandfather you in regardless of the current zoning laws.