"Janus, I did have a pre-inspection done, all cylindars firing strong (160+), a few oil leaks, which I am still trying to get used to cleaning up, no wrecks."
Oh Dude, then you're golden. Welcome to the 911 Club and drive to your heart's content. If you passed the PPI and you've got good compression, then it is very likely that "bullet-proof" = "your car". Rock 'n' Roll. Send us some pics !!
"I am burning oil somewhere though. I have not calculated the oil-in/oil-out ratio yet but will start keeping track."
There are some common causes for this. And if you passed the PPI - then most are likely relatively harmless. An archive search will reveal all or most of them. You might actually be leaking instead of burning. My valve covers leaked for a while. Easy fix. I also had a few rubber oil lines that dry rotted and cracked. Also very easy to fix. The hardest was my oil pressure sender - they seem to frequently leak at the gasket (I think?)...it looked hard so I had my mechanic fix it. It took him all of about 20 minutes - including explaining the problem and showing me the parts. Lots of folks have leaky "oil return" tubes. Mine seem to be okay after 22 years of (ab)use. I understand Pelican (and others) sell a pretty simple kit to fix the oil return tubes if they leak. All in all, if it isn't a ton of oil, I'd ignore it. I honestly believe they *all* leak some oil unless they've just been freshly rebuilt. LOL...Okay, I will probably get flamed by the 2% of 911 owners who don't leak *any* oil...but the rest will likely nod in silent agreement.
"I also get a nice little blue cloud upon start up, but nothing after it gets a little warm."
The experts can probably speak with greater authority on this but...I believe this is pretty normal and totally okay. Unless I am mistaken, the "flat six" engine design allows oil to accumulate on the bottom of the cylinders when the engine is off. In a V6 or V8, the oil would drain down into the crank case. But since the crank case in a 911 is "beside" the cylinders instead of "below" the cylinders, the oil just sits there and drips down to the lowest point. So when you fire it up, a bit of oil quickly burns off. No biggie.
And hey, welcome again to the 911 Club!