Great thread and a lot of very useful information and perspectives here.

Maybe (e.g. huge potential just bad management)orMaybe not (e.g. there is mold issues in the vacant units)You need to look at every deal from the perspective of:1) what's it worth today?

Sorry for the long post, but I wanted to give you my perspective.

If the 2 partners with strong financial backgrounds can each qualify for the entire loan from a debt-to-equity perspective, and assuming the property has solid financial projections, it may take a full joint & several guaranty for the entire loan by the 2 partners (in addition to the third partner, which may not hold much weight from a credit standpoint but required anyway).  

 Shiloh Lundahl thank you for spelling that out for me, definitely puts things into perspective!

@Casey MericleIf the IRA accounts belong to the same person or to disqualified parties, then no.Not sure why two non-related parties would agree to such terms, so it sounds like you are trying to shift money from one to the other and not likely possible.

Get prepared for their future split, should take less than 2 months, and make sure you have them on a M2M lease so you can dump them both quickly if it turns really bad.You got lucky, now see if you can line up some perspective interested tenants that would be prepared to give notice and move to your place when the time comes.

Thanks for the  historical perspective @Patrick Desjardins.

So in that perspective, 27.5 years aint so bad.I am here looking for similar types of answers, only to end up answering yours!!!

I appreciate all perspectives on the topic.