You mentioned depreciation before so that probably resonates with you and FMRR can handle negative cash flows as well.

After doing some research it seems like a more sustainable approach would be to buy a multifamily and rent out units.

My goals for us would be for us to be able to make enough money to be able to live debt free, have him be able to quit his M-F job, and be able to build a house on a beautiful plot of land so I can live my other dream of sustainable gardening.  

Part of me wants to let them maintain current rents and lock it in for a 6 month agreement just to guarantee income for a while until I sort everything out, but then again, part of me wants to start raising rents to get them where they need to be, but I also would rather not have a ton of turnover right away as I don't have enough other cash flowing properties to help sustain me during that transition.

HUGE difference.2 - Commit this sequence of numbers to memory = 1073741824, and base all of your REI decisions on them.You must have a self sustaining, repeatable system in place that allows you to do the above. 

Start there and if all those books really resonate with you, then do the 3-day.

(4) Do you have a plan to sustain the negative cash flow (extra money to pay into this complex) until it turns cash-flow positive?

I definitely resonate with that mentality.  

In my opinion a similar market which I think will sustain faster growth is Monroe, that may be worth looking into.

It just wasn't sustainable.