Thanks guys for your recommendations...
I sure wish I knew about the lead issue earlier.
My home is 50 years old or so and built I believe in 1957.
The last time I painted I was out on the ladder with my air DA Sander.
I believe I wore one of those cheap white dust masks, but I sanded most of the fascia board down to bare wood.
I got rid of the previous paint chip marks and chalky areas, but did create a few dips in the wood from the DA Sander.
So at this point there should be no more lead left (Doh!). Thanks for the advise on the mud, I won't be using that if it is not sound.
I did use it on an edge of an interior door of mine. It hardened up like a rock. But as you say, it will probably chip off.
I will look into that "Peel Bond" stuff.
Thanks man for taking all the time to provide such detailed info.
I will look for that "MH Ready Patch." Do they have that at Home Depot?
I wonder if the exterior spackle that BrushJockey mentioned would work well if sandwiched between the oil based primer as you recommend with the MH Patch?
It makes sense to do this so the repair will stick well and then won't react poorly to the top coat.
I'm not experiencing any rotting.. (Knock on Wood) that doesn't happen
Well thanks again for your suggestions.
Today I will prime my bedroom and bathroom.
I just finished using paint remover to get the old paint off the door hinges that someone (names not mentioned) painted on the last job.