The bank has contacted my friend to possibly work out a deal or he could continue to rent.

If so, how did it work out and would you borrow from these lenders again?

Please let us know how things work out.

I would quickly talk to an experienced Bankruptcy attorney to help you and her work out some kind of deal.

I pinged the owner of this house again today and hope to hear back soon.Over the last two months, I had some pretty intensive training, inspections, and other military requirements to meet and had to put things on hold.Just this past week though, I've put one house under a lease option and another under contract for purchase.The lease option one:  Lady missed 3 months of payments because her lawyer advised her to so that the mortgage company would "work with her" on her payments.  

A lot of that stuff taught in school students never use in real life unless they have specific professions that require it.There are programs on the market now in Excel where they have Macro's and you simply input numbers and solve for XX return.Residential is definitely less math intensive whereas commercial where value is mostly based off of calculations it is ultra important to have at least mastered the basics.  

Make sure the numbers and value will work out and check with the city to be sure you can turn it into a duplex - legally - or that may make all the difference.

The deal didn't work out but she was ready to get him what he needed. 

Additionally when you purchase a property using an FHA loan the property is in the individuals name and I don't see how that would work out with a partnership.Keep asking questions and you are certainly ahead of the curve by starting at this age.

@Qulia BryantWell I hope those work out for you. 1 listing month would definitely be worth it.