This probably implies FIRE in his 20s, but I hope he is passionate about the path he has chosen and excels at it until at least a more traditional retirement age.He started the 2nd rehab he is leading.  

She did babysitting, banked about $7,000, invested the $7,000 into a co-op in downtown Los Angeles with another Japanese girlfriend.

We had to sell virtually everything we owned so we would not default with our commercial banks and or file BK. 

As we get back to a more traditional market CoC may not matter for people. 

But then again every lender that is not my commercial banks I find frustrating. :)..

@Lily Jensen, I've come across a few banks that will do HELOC's for investment properties that I can share with you here locally in Florida.

We do traditional PML full set of DOT, note, etc. loan documents for $1,500 for residential. $3,500 for commercial.Hope this helps!

I tried getting heloc from my large bank, However I was denied due to my income. if you can't get the credit lines for some reason from your bank then they have resources for that, even their own cpa you can use for a fee.

or are they just bank foreclosures?

I have a family investor that I will borrow from for the down payment, then finance the rest from the bank.