SDR,
My guess is he just shot himself in the foot.Loan costs are going eat him alive. Commission on the way out?I knew that puchase didn’t pencil out,all sweat no equity in lemon grove. There is no safety net at all. I have a client who wants to flip something. Even if he goes fsbo to sell it, which I recommend he try,in the end there just isn’t much I can do for him.I am telling him he has to have a decent rental scenario behind him so he can at least hold ground. Seems wise to scope out properties in summer/fall and buy in DEC./Jan then have it back on the market in Feb/March FSBO,for a flip attempt in a depreciating market.Not that I recommending doing it.