I really appreciate your posts, as they are helping me learn the language of real estate. 

However, we rent SFH and 2flats, and much of the language seems to be geared to be all purpose (or course), but has a lot in there that is really not relevant for us.

You need to do your own study for appreciation projections.

I'm definitely going to spend some time studying deals/the local market before I even think about buying in a specific location, although I'm hoping to stick in North Portland.

We will also renovate units on tenant turnover.On rare occasions we have had to provide a notice of termination to a tenant who did not wish to move into a rehabbed unit (and pay the higher rent).Be certain to study up on your local landlord tenancy law before undertaking such an adventure.  

Every year, I produce the BiggerPockets  Real Estate Investment Market Index, a study in which I go through thousands of counties across the country and collect data on their rental rates, and home prices.

I let the seller study all the options and respond with what they consider to be in their best interest..

I'm Looking to start a study program for becoming a Real Estate agent.

I am also meeting and studying with a man from my church who is well versed in the stock market and mutual funds.

This is the easiest version, and one that works in CT as long as all parties understand the process, the contractual language, legal terms, and what lenders allow per their guidelines.