@Calvin Liang The only reason syndicators (full disclosure: I am one) are selling in 3-5 years is to be able to share in the promote i.e. disproportionate share of the profits due to the syndicator putting together the deal. 

At that point your friend is paid in full and the new lender has a lien in first position. 

I saw all the unused space and found a place to add a shower to make a full bath.

I'll be napping in the meamtime.But the last 3 dogs I sold easily by owner for full retail should have given me a clue :)  At least you didn't buy bitcoin at $19k.

To make a long story short the renters where horrible and no one was taking full responsibility of paying the refi.

Feel free send a PM if you ever want to talk further; our agent business focuses on working with investors for acquisitions, and we also have a full service Property Management company.

He said many of the other employees began to display an envious disdain for what he built for himself leading up to the time he left the job to be a full time investor.  

Building equity and won't be paying a dime, downside is a very full house but I personally enjoy it.

This show is packed full of actionable tips, including some never-before-heard-on-this-podcast strategies for finding deals with the use of virtual assistants, Craigslist, and cold calling!

Another option is habitat for humanity, they have a location in Houston.