Tell him to get a job and cut out "play things".

For some investors, it wouldn't make sense to hold on to a property for 20 years, they simply like to add as much value as possible and get rid of it, and be in constant acquisition mode.Just like the stock market, you can play the game as a "trader", or as an actual investor, both ways you can make money, but then again, what is your strategy?

Likewise, F-Ville for military and G-Ville for a student housing (ECU) play. The

I think selling your house up to 500k tax free ($250k each for you & Wife) would be the best play. The

You can play the game a little bit by throwing a conversation number out there for the Borrower to chat with the First Mortgagee with say $4,500 or so and know that if you can get a payment of $3k net you did just fine.  

Continue to play the game, keep giving them whatever they ask for and diligently try to have as much contact from their "attorney" to your attorney as much as possible.

Since it is clear they are going to play the game, I decide to hammer right back with a counter number 5 at only $1k more.

Over the next couple of years you will see a lot of investors dropping off because they can not find investments at their level or have enough money to play the game actively.

Soon I will get to play the game. 

Some of them play the stock market with an investment account.