I would try to syndicate a 100+ unit apartment complex with him as a partner/gp who will guarantee debt - or figure out what your niche is.

Everyone has their threshold on the amount of debt or funds they leverage.

For example, I think we are late cycle, so I lean toward the safest part of capital stack which is debt (or debt free equity).

General Growth has received a debtor-in-possession financing commitment of about $375 million from Pershing Square Capital Management LP as agent.Pershing Square, the hedge fund run by William Ackman, owns about 25 percent of General Growth shares and had been urging the company to file for bankruptcy.

Try and negotiate the terms of the debt, or as others have said, try and refinance to lower interest rates.

They can be simple or complex.Creditors have a hard time dealing with a debtor in a TIC as a minority holder, they can't put other owners in a position to lose money, equity or future income, they can tag the income from the amount due the minority owner as it is received.Bankruptcy of a fractional owner generally has little effect on the one taking bankruptcy and won't as to other owners. 

Most of the wholesaler types I know in our market for example have gone into new construction.. they can find a lot and build and sell.. trustee sales are way down.. as are distressed assets..but there will always be those that cant manage their personal debt or have other problems.but what the internet has done ( forget digital marketing) it has created LEGIONS of people that think they can be successful wholesaling and so you have way more folks trying to do this than there is inventory in many of he markets.Its a strong economy and an inventory issue. 

You must also certify that you have not acquired new debt or a new loan during that time period. 

And, no, creditors should not be bugging you personally, they usually realize that you don't have to pay them first and being nice has a better chance of a payoff than being a hardnose like they might be with the debtor.

The property either services the expenses and the debt, or it does not.