1) Verify Experience / Check references of investor2) Verify Investor has substantial Skin in the Game3) Verify Deal is actually a deal (has enough meat on the bone / upside potential)4) Get 1st position (this specific deal 2nd position is best buyer can offer...bank will be in 1st position)5) Verify Scope of work makes sense and bids/costs are realistic 6) Check contractor(s) track record / references.7) Release cash in draw form upon completion of various rehab scope milestones.What am I missing (and what above is inaccurate)?

You might run into some difficulty if you are currently financing all 9 properties, but not impossible.The other option that comes to mind is hard money, but that comes with additional costs.

Also how difficult is it to sell 1/3 share if my brother & sister don't want to sell now?

But in all you have to have skin in the game.

I hadn't even thought of difficulty to fire...

Has anyone done this, what is the process or how difficult is this process?

Just having a lot of difficulty finding a good property.

I'm on the road right now so will need to reread tonight to fully digest but overall it is nice to know what I already suspected that major banks are not a great option, and that there are other ways to skin a cat here.

If the contribution loan is over $7 million, expect the possibility that you will have to come in with "skin in the game" cold hard cash.

You don't have any skin-in-the-game so you have nothing to lose.