To directly answer your questions: 1) No, you probably don't need a gc license if you're just doing general repairs on a single property you own because that single property is treated like your home -- so feel free to repair walls, carpets, paints, swap some plumbing, etc.

So I would start by opening the breaker panel and swapping the wires on that tandem breaker (with breakers in off position).

And when those CMOs go bad no one wants to buy them, and then they become worthless, and then those same CMOs get eaten up by a large insurance company, who sold credit default swaps on those CMOs to banks that bought them.

You are swapping sweat for dollars.

The bedroom would just be swapping the light fixture for the fan, but the family room would need to be wired.

@Michael Hicks We used leadpropeller.com I typed all of my own content and swapped out a majority of the pictures they had as stock. 

Buy 2 separate dump houses make one of them rentable while living in it and rent the other and then swap them out and do the same thing to the other.Any input would be appreciated!

No, a QI does have to do your 1031 exchange unless you are swapping properties.     

First Merchants Bank Swap How did you add value to the deal?

I ask because my strategy is swapped - I intend to use capital generated from flips to invest in buy and holds.Since @J Scott has already jumped in, I will mention that his book on Flipping Houses is a tremendous resource for anyone beginning their first flip to someone who is looking to implement a systematic approach while scaling.