I have some wonderful tenants that went through a bankruptcy and lost their home because of unforeseen circumstances.If I were in your situation I would take personal action on my own credit report.

I'm putting together a couple flips out your way right now -- lots of opportunities.The most important thing is to get educated in the beginning and then put a solid plan into action.

I just take action without having a plan.

Without getting a lawyer involved at this point, what action should my friend take?

This could be huge on time-sensitive investments and give great level of convenience.Large contribution limit of up to $57,000 (significantly higher than an IRA, which is only $6,500).

If there is no legal action in the file, they can simply hold the AOM in file.

I could find no other court actions against the owner, btw.

Congrats on pulling the trigger and taking action! 

This could be huge on time-sensitive investments and give great level of convenience.Large contribution limit of up to $57,000 (significantly higher than an IRA, which is only $6,500).

An attorney can draft a hold harmless agreement to be indemnified by another's actions but that isn't denying them the right to proceed against you in some matter, any action then may be fruitless.