Yes, you will need a cash or PML to buy the house, but it is true of any real estate transaction with the exception of wholesaling. 

Personally I am thinking 1c. 1c but 2 being more true then we would like. 

Is this true?

Whether it’s true or not doesn’t matter as much as the fact that the industry at large believes it’s true.

Everything too good to be true is too good to be true.

If you make it to the top in real estate as a broker/agent you are really doing something special.It is true that about 80% leave the business the first 2 years and the remaining 20% by year 5 about 80% of those are now gone.

It might be true.

I reeeeeeeally wanted this to be true, too, I wanted to believe him so bad.

True although the fires this year just adds to the reasons to leave California (excessive taxation and regulation, overbearing political correctness, downtowns littered with feces, etc.).

I'm trying to prepare incase this is true.