I'm new to this as a business but "accidentally" wound up with some experience as both a landlord and rehabbing a property, thanks to the combination of the real estate crash last decade, and our tight finances forcing us to purchase a "fixer-upper" when our family grew.When my wife and I first got married, we bought a small "starter home" in a quiet neighborhood, pretty much at the peak of the real estate market for our area.

In the end the stock became worthless and he wound up with nothing.Another friend had about $400K in stock.

Not a big surprise that this has helped me out when it wound up in court.

Since he is in the military you might tell him that you will pay off the liens and donate $5000 to Wounded Warriors.

His situation was that he was renting a room during college and then wound up buying the house from the owner for less than it was renting for.  

Yes I have, it was a great deal from a wholesaler but since I was pretty new to buying investment properties I wound up losing it to analysis paralysis.

Time heals all wounds (and deals) 

Of course time heals all wounds so as long as values and rents continue to climb even a bad investment can work out in this climate as long as you have the holding power...Oh and to Ali's post if you have a good 100k-150k house in a good bread and butter 100k-150k neighborhood and are having trouble finding quality tenants I'd suggest taking a closer look at who you have managing your portfolio.

I've wound up using them for my last 2 (small) transactions too, so we'll see.

There should have also been disclosures stating that this investment was highly illiquid and it was unlikely you would be able to get out until the deal completely wound down.Unless there's something more complex going on, you are certainly not entitled to 24% of the value of the property.