1-With my current work schedule, will i have time for such a venture, do most of you have full time jobs?
Most everyone on this forum who does IPO also works full time.
2-Do I start with a dog with no training or with maybe a BH title, or maybe IPO1?
For me, doing IPO is for fun and bonding and learning. The journey is the reward - so for me getting a pup or young dog makes sense. but as mentioned, some people prefer to start with an older dog that already has had some training.
3-What do i spend on my first dog (money is not a huge issue), do i go with a top pedigree, does it even matter??
Find a breeder that trains and titles their own dogs - then you know you are getting dogs from lines that have the genetics to work.
4-What does the dog need, does he have to be Pink papered, x-rayed etc etc, to get the IPO titles?
A rescued mutt from the pound can get IPO titles, if they can do the work. So no, you don't 'need' papers, x-rays, etc. But if you want to breed your dog, then yes, those are important.
5-Where do i train him for future titles, or is that done on my own, and how much time is needed to do the proper training for titles?
Join an IPO/Schutzhund club and train with them. Depending on the club, you can expect to spend one or two evenings a day and one or two days on the weekend training with the club, in addition to the work you do on your own at home. How much work you need to put in also depends on your dog and your goals.
With my rescue, I had to work on obedience and tracking almost everyday or she back-slid. We needed to do bite work at least two or three times a week in order to progress. With my GSD, I actually put in a lot less time. I even took a year off and was able to pick up again exactly where we left off.
6-Could i put him at Stud for extra cash?
You can do anything you want. But through what you learn about working ability and sound temperament in dogs will help you decide if your dog is stud-worthy or not.