The property is in a great location, so we want to hang on to it for the long term.

Hang in there!

If you want to take the property Subject To and hang on to it, you need to bring cash to the bank to bring the loan current.

I've heard contractors hang out at construction sites...

They may not be hanging low on trees at the moment, but they can certainly be dug up.  

The only way I could do that would be to refinance, or sell and reinvest into a multi-family property. not really sure what I should do, so I'm just hanging onto it until this lease is up at least.

This is worth learning how to do, even though I must admit I usually just used the name search...and no surprises yet.Also, not as prevalent now as years ago, but if the current owner acquired by QCD, check the previous owner’s name also....we used to see a lot of sub2’s with hanging mtgs/liens from the previous owner.And of course, there can be hoa or code violation debts which remain without a recorded lien.I still miss/liked the live auctions better.

Sorry to leave everyone hanging.

As far what is hanging me up - my dang website! 

. - The biggest hang up people have on the BRRRR method is that banks will typically only finance 75-80% LTV (loan to value).