Advice requested for a loan or solution.

[Charlie DiLisio]

Looking for any ideas to search for my dilemma with an investment property.  Thanks in advance!

I have an investment property in Detroit purchased last March. I had an uncle and his nephew as tenants for a total of $1600.00 per month. Uncle passed last month with a heart attack and now I am coming up short with the expenses for the property. His significant other has moved in and I am receiving a total of 1200.00 per month. Purchased the property for $79,000, mtge is $678.00 P.I.T.I. but I have two business credit cards used to re-hab the property from a 3-1 to a 5-2. Amex and home depot payments total 650.00 per month. Property value around $120,000. I put 25,000 cash into the property for the down payment and closing costs. If I can re-fi for $90,000 I could pay the cards off and it will cash flow again. Looking for a solution without selling the property which would have a capital gain I was told unless I wait until next March. Any creative ideas? I also have a partner who is willing to be a co-signer if needed. Thanks for your time and advice.

Charlie DiLisio