That said, if you have other skills that would benefit an appraisal firm, (hate to use this phrase but it works) you are a self-starter, and find the right opportunity, I'd think you can be up and running with a decent income in a year or so.

Given the phrasing of your post, I think you already know the answer, but just to confirm; yes, it is pricey, and yes, it is in a great location.

As a serious investor (mostly public equities) since the GFC, I've heard these scary catch phrases over and over again from friends, colleagues, talking heads and professional investors.

I was listening to a podcast from biggerpockets and heard the phrase earnest money deposit and I was just wondering what exactly that is?

When I started investing in 2006, I didn't know words/phrases like Cash on Cash and ROI. 

Great location, on the outskirts/path of progress of a very trendy neighborhood and near the aforementioned $60K/semester fancy college. 5 new build houses on the block.I did get an estimate for the foundation before the inspection period ends (today at 5pm!).

I personally designed the newly renovated home with trendy "Modern Farmhouse" concepts.

I personally designed the newly renovated home with trendy "Modern Farmhouse" concepts.

Having said that if you are that concerned you should consider running it by an attorney so you completely understand not just that phrase but the entire contract in it's entirety.

Our elite are making more money on the decline of working class Americans than they ever could have dreamed when America was becoming stronger, I trend I see continuing.