...This is not an endeavor to enter without the acceptance that significant funds must be spent. You don't say where you are, but I advise looking for a local darkroom and give b&w printing a try. Many community colleges still offer classes as well. If you like it, you can decide how far you want to go...
This is only partly true. Yes, you can spend a small fortune, or you can go on the cheap. Much the same that I can buy a $300 used car or a Bentley to get myself to work. Both will do the job, but one will do it better and with a lot more style.
If you want to become a master printer and feel like your an artist who's work will eventually hang in MOMA, then you may well spend a fortune. Or you may get on Smith's track and print contacts with a 60W light bulb hanging on a cord. Both work, and both can produce beautiful images. Both can produce complete junk.
The one thing that you can certainly say is that if one really wants this, then one is required to expend
significant amounts of time. And maybe significant money depending on what track you want/choose.
For example, if you go back to a couple of the giants in the last century, Weston and Adams, Weston had about as minimalist equipment as one can imagine and Adams had a dark room to make many of us green with envy. And both have art hanging in significant place.
I, on the other hand, have art hanging in my house, my mom's house, my brother's house, several other family members house, but no museums. The difference is in the artistic vision of the photographer, not the enlarger I use/don't use.
The OP should give it a whirl on the cheap, and then decide. Much like renting a car for a weekend trip to decide if you really want to buy that model off a dealer's lot. If he likes making his own art, then off to the races. And if not, dump the stuff back on fleaBay for little loss.