This bailout BS needs to end.

Your friend got in over his head. He made a bad investment decision. Period full stop

If he intentionally damages someone else’s property (the bank’s house, my car, the 7-11) then he is committing a crime.

What is the moral of this story? Life is hard so pay me not to be a criminal?

Free rent, cash for key is all something for nothing. Your friend wants something for nothing.

Tell him it’s over there next to the unicorn, the lucky charm’s pot of gold and his ethics and everything else that doesn’t really exist.