A couple bought their home back in the 90's for x amount of dollars, well it is well over that price x today, so they have been advised that they could turn their residence into a vacation home(and conduct it as an investment) and rent it out for a set amount of time( of which I do not know) after that period has passed they can then use a 1031 exchange because that residence is now used as an "investment property"Obviously, I am no attorney or expert of any kind but I'd assume it was legal to do this as it is quite common here(shady, definitely) but it is what I have seen and am not saying I agree with it or presume to know the fine tuned details of what else transpires.

Maybe you actually enjoy your 9-5 job and that is fine as well.

When HUD comes in to audit your files, you will be fined, or possibly criminally charged, if they see inconsistent applications of the policies.

If they happen to pitch something, that's fine, but its not a high pressure sales tactic. 

That's fine if you want to do that, but extra income should be the last reason you get your license as an investor.And yes, as I suggested above, finding a successful investor and volunteering your time in exchange for on-the-job training is what I would highly recommend for any new investor.

He sent a tenant update sheet and it went to my p.o. box fine.

The radiator in the kitchen has a fine brown dust/powder next to it on one side that GC could not identify.

While I do hope someday the prices will increase I'm fine with them staying low for awhile...

However it all depends on the lender and if they have any overlays to the fannie and freddie guidelines.But typically with six payments and being on title for that same amount of time you will be fine. 

Minor things are probably fine, but I would highly recommend you avoid trading repairs for rent reductions.