He has bought 3 houses in a 18 months and is building a 10 plex which will net him about $250k in 9 month when he refinances it. 

Do you provide move in and move out reports How many pictures do you take of the property prior to tenant moves in and after the tenant moves outDo you get weekly reports when the property is vacant what prospective tenants are saying about your homeDo you provide monthly newsletters to your tenantsDo you hold investor education classes to help me become a better investorDo you have single point portfolio based management services?

Either way if the balance is 140k, without going through the short sale process (which will take a few months) no one can assure you of any approved sale price.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

I had a plumber inspect the furnace a couple of months ago and said it was in good shape.

In Mentor a bit nicer neighborhood I have a 57 unit and right next door to that in Willoughby another 9 unit we purchased that one 4 months ago.  

After a couple of months of hard work and more than a few unexpected surprises during rehab, I sold the property for $145,000.

I will be closing on my second property in a month.

Use next 4-6 months to learn by listening, reading and watching how the real estate investment game works.

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.