I got burned by multiple contractors out there so be careful who you hire.

All I can say is I have a burning desire to gain the knowledge necessary for success in real-estate.Down to the point of this post, I would love to hear from any of you who would be willing to provide me with suggestions of materials that were key to YOUR success and how it helped you.

In this situation i would look into refinancing from a Variable into a fixed just to drop payments and stay afloat if you can't afford the $150/month burn.

Agreed mate.Too many variations and mud thrown on the word over the years.Maybe we should come up with a new phrase lolSomething on the lines of "House Hacking" and "BRRR" 🤷‍♂️"Fully Renovated And Tenanted""FRAT" property investing lolCut the FAT and invest in FRAT haha

However, my 8-unit just burned down a couple days ago and it is not livable (and won't be for some time). 

Quote from @Timothy Burns: It's at 24 degrees tonight. 

Sounds to be like "burn-out" on single family homes, I'd rather have 3 houses than 6 apartments any day (comparable properties), from just about all aspects, financing, liquidity, marketability, vacancy, insurance and time to manage, residential SFDs edge out small multi family in my book.

I like the potential return the pro-forma shows, but I've been burned a couple of times already with expensive turnover, tenants leaving a mess and having to pay thousands $ to remove the junk and prep the unit for new tenants.

In the end, there wasn't enough fat left after purchase and rehab so we let it drop.

@William Burns you with RE/MAX Grand Rapids and investing in Detroit?