There is no way this property will ever produce true positive cash flow if held long term.Tell him to sell now before th emarkets turn and he loses his equity.

Any property valued at 330K with rent at a measly $1600 will be so deep into negative cash flow long term that you will lose more money that you can ever imagine.

.- you can google hard money lender and they will pop up if you want to go that way.There are tons of others, there are a lot of resources on the site and books that go into depth like the ultimate guide BP puts out.Good luck!!

@William Brown Any Skip Tracing sites you’d recommend?

It's easy to use and it's just a clean site.

I actually came across this yesterday trying to register a new property per the old requirement and the site for registrations now directs you through a part that asks for inspection info and an upload of an inspection document. 

I really enjoy connecting with others on the site.

With sites like Airbnb, VRBO, Homeaway and the like, it's never been easier to keep these units occupied and make great returns if you or the right property management company can manage it optimally. 

Jim,, we are seeing that here in PDX as well... and I am good with a market that does not have multiple offers.. it makes it very hard for people and agents to make a living if you only have a 1 in 10 shot of buying the house you want..so some stability and slowing down in my mind is a good thing.but what I see on BP is people read the hyperbole articles that misquote things.. and the next thing you know they are worried its 2008 all over again.. which ( and I could be wrong of course) but none of my bankers or those in know in finance world think is a risk.. only risk would be metros losing major employment.. then it affects everyone landlords businesss and prices..

It is refreshing seeing people on this site being so welcoming and inclusive no matter other members levels of expertise.