It is my firm belief that homeowners do not know how drastically their bottomline is affected by selling with these unethical companies.BEFORE YOU SELL WITH ANY COMPANY ASK THEM "HOW MUCH MONEY WILL I WALK AWAY WITH?"

You can still find deals but it's not a cake walk like it was from 2008 to 2014. 

I'm currently 27 years old and enjoy long walks on the beach.I also have somewhat of a lame sense of humor :-pIf you look at my profile you'll probably notice that I've been a member for almost a year, so I suppose I'm technically not "new" per se, but I am new to the forums and I'm making an effort to become a more active member.

Personally, I would walk away, but he's emotionally invested, so, I'm trying to give him at least some tips, where he should ask for changes in the contract, which probably won't happen. 

I just walked the property today for the first time. 

Once it is empty he should list it as a owner occupy SFH and hope for the bestIt's a lost cause so best to walk away and buy when it goes into bankruptcy.

These are each somewhat advanced strategies that i recommend working with another investor who can walk you through these processes if you are not already proficient with them.

If not walk away.

If the ARV will be higher or similar to comparable properties, then acquire the property with the condition that he walks away from the property.

You want someone who is experienced from multiple ends of a deal and walks the walk, not just talks the talk.