You have two choices in order to pay down that debt.

I did read the article on this site titled "4 Alternative Methods to Finance Your Apartment Investment" and am going to start looking for potential investors interested in a joint venture.

Hi @Alexander Felice welcome to BP.I believe only wholersaling is a mistake for REIs,you should be in the"I will buy or lease your house fast business", or"I will solve your home problem business"solving problems and offering a couple of choices to the home seller, like all cash, or owner financing, or lease option then assign, is a good business plan.See my BP blog for some sales ideas.http://www.biggerpockets.com/blogs/3-reiskills-and-brian-gibbonsAnd welcome to BP!

Its all they have down here so a moajority of us floridians have no choice.

This could require a fairly significant amount of personal funds if your market is higher priced, such as mine in Northern Virginia.As an alternative I plan to explore local/regional bank offerings, target lower cost markets nearby, or simply wholesale initial leads to build working capital.

Have you said in your messages to this other landlord that if he doesn't reply you'll have no choice but to bring it to court?

I think the case you present might be more rare than the alternative.

A few alternatives options are: Opening up an line of credit, partnering with someone with extra cash, assigning contracts for a wholesale fee, and double closing wholesales

While these are valid choices, the problem with these types of loans is that they require an excellent personal credit score usually within 760 and above, as well as an established business with good cash flow every month.

@Mark LangdonConsider giving them a choice of items that will improve the value of the property.