The court system is gruelingly slow with all sorts of red tape and each heir was a completely different negotiation and had to be handled carefully.

This issue should have been dealt with explicitly in whatever contract you executed with the general contractor; assuming of course this wasn't some sort of verbal arrangement. 

So if one of your partners with cash also has a large net worth and cash flow to cover the deal should things go poorly you can give the a little bit bigger piece of the pie if they will sign on the loan as well.Also, when looking at a any sort of partnership, LLC, or other structure a lot of lenders require anyone with over 10% of the deal to sign on the loan documents and any one with over 20% of it they want to see financial documentation on.Hope this helps.  

So it's important to speak to your bank about this sort of requirement so you know what to expect.  

I would not recommend a big bank because a lot of times they don't understand this sort of thing.  

My thought would be that if you can get the tenants set up on some sort of automatic payment system that they could cash flow very nicely.  

However, most banks like to see some property seasoning before they do any sort of refinance.My first suggestion would be to talk to local investors in your area to see who they are using to finance their deals and then go talk to those people/banks/institutions.  

I collect rent and make sure i attend to any issues that my tenants report and that may be the only time i go over to the apartment and in most cases i have my handyman sort them out.

Make sure that all of the partners have some sort of an active role though or it will start looking more like a security.  

Anyone here that has made that sort of jump?