He threatened suit because he is a lawyer and feels he can bully people into doing what he wants.  

What strategy you using in Memphis?

I would second what Malcomb is saying. totally oak those floors and vents. 

Could you please clarify what withholding 10x in escrow means?

I have some association with Cody Sperber with past purchases and thought for a guru he was ok. 

What are the red flags and concerns?

Post '08' was manipulated, post 202 same, so it is hard to get a "good read" but i peg 4.25 as a good basis.     

I've heard about how helpful the forums are and wanted to try posting my situation on here for some tips and guidance.I'm just starting my investing journey and my friend informed me of a house in my area that is about to go to Foreclosure. 

If so what was your experience and which brands did you use?

If you are looking for a place where your portion of the mortgage + property tax is close to what you are currently paying for rent, you can look into multiplex over at SF, Daly City, Redwood City, and San Bruno.Feel free to reach out if you need any help :)