I don't know good of a deal your guy got...just because it was a short sale, doesn't mean he bought it below market. Many loans were made the past few years that were 100% loans and some markets experienced negative equity. (bought high and market dropped below sales price). I would recommend telling her to find an experienced REALTOR to do a CMA or hire an appraiser. There is no way to know more, or how to help her, until you know what the homes are worth vs what he paid.
Good Luck! cf
I have a very good freind who's fallen prey to these "become a millionaire through real estate" seminars and it gets very ugly sometimes. She paid a lot of money to be told a LOT of flat out lies! It's a real shame!