Of course I could be utterly wrong and reality could be quite different from what my research is telling me. 

Would this by chance be an owner carried note, by you, with the sink hole issue existing at the time of the sale?  

While I enjoy the real estate reality genre, nothing in a my landlording career would interest a  reality TV producer (no drama, by design).

There is not one big breakthrough or reality television moment for me ( as mentioned)--just day in day out maintenance of property and maintenance of the tenant relationship (through good communications).

The 3/4 bath may still be a regional term but from my experience that went away about 20 years ago. ie, if there's a toilet/sink and shower and or tub it's a full bath.

You are about to embark on an amazing real estate journey.When you keep focused and keep the ship on it's path you tend to make it to your intended destination.When ships get sidetracked they get stuck or sink all together.

I would love a property in Monmouth County NJ but it seems far from reality with how large my down payment would have to be.

That's the reality of it.

The reality is either side can try and tie up EM in courts with attorneys if each side backs out so a settlement is usually reached to end the contract etc.The other buyer agreeing to 7 day inspection for non-refundable is very strong.

This may not sound like the fun sexy part but the reality is no one ever builds real wealth unless they learn to live on less than they make and save and invest the rest.