Dodged a bullet. 

So, I guess my point is, don't try to find a magic bullet out there to pull the trigger on an STR investment. 

I like the strategy in certain situations, but it's not a silver bullet. 

Do one "wrong" little thing that violates what a single bullet point on page 359 of 1425, and boom you're done, doesn't matter if you fully comply with the other 1424 out of 1425 pages.

Man I wish I had the silver bullet for you on that question, but I don't. 

s  first bullet point for a 30yr is the one that I feel gets lost on most people. 

While it sounds like they dodged a bullet by finding out about that specific neighbor in advance, I don't think I would say the neighborhood is a place one has to own a gun.All that being said: (DISCLAIMER: I do not know your contracts and am just some dolt rambling :) If he is willing to give up his $1000 the answer to what can he do is.... nothing.... do nothing.... sign nothing more.

I’m gonna stick to bullet points here, otherwise I might get a little long winded...

Otherwise, I just need to bite the bullet and not cashflow with the goal of cashing out bigger later down the road.

I've attached some quick bullet points on the loan itself below.