If she could recover her monies in a legal  and quick way, that she feels okay with, wash her hands from this bad experience!

Only maybe 1/2 of those will active their license and hang it with a broker. 90% of those will wash out year 1, 90% of the ones left wash out year 2.Still market ups and downs with all these groups. 

Things like the storm sewers lacked proper bedding material for code that would wash out easy under asphalt.

Wash everything with bleach to kill any lingering bacteria.

With the eight months interest it will be close to a wash.

Your loan file probably fell behind the copier against the wall and they lost it :(Won't admit it and gave you a line about owning so many properties.....hog wash, all the underwriting information needed is in your tax returns and credit file, you don't investigate each property or each loan.

Then cash out refinance, wash rinse and repeat as many times as you can while maintaining a cash reserve of about 10% of the amount you have to invest at all times for the unexpected.

Was he selling at 75% of market value minus the cost of repairs?

Put up a 99-cent curtain rod and some cheap curtains from Goodwill or eBay (like $4) - multiple benefits:a) Cheaper than the $8 mini-blinds for every window.b) Makes the place look nicer and more of a home feel.c) When the tenant departs they can be washed and re-hung - no more throwing away damaged mini-blinds that wind up in a landfill. 

Someone who avoided the 10 biggest slumps would have ended up with two and a half times the capital gains of someone who simply stayed in all the time.In other words, it's something of a wash.