Make sure your consider all opex and then create a capex schedule that will give you a rough idea of remaining life of capex and what their replacement costs will be.

Your income might support the payment anyway but if it's possible to put under the business name then that's the preferred route.Both of these strategies will require you to create a business but if you are in the investment property business you should have your own business entity anyway. 

My name is Mike Giaquinto and I am interested in creating wealth with real estate investing.

There are definitely still active liens on the property.I also don’t have any documentation on lien releases since I haven’t created any liens yet on this property myself.  

How would I create a biggerpockets forum for my area?

Sell it, take the money you made from it and go buy rental properties that create positive cash flow in markets that make sense (i.e. rent to purchase ratio's at or equal to 1%).

What I wrote above does not create an attorney/client relationship between us.

If we created an LLC for the partnership, would it be possible to get financing for the LLC if we all placed a Personal Guarantee on the mortgage and we were considered strong borrowers?

What can you do to get rents up and expenses down, thereby creating value?

There isn't anything else you could do with your 401k to create income for yourself in the short term.