I have a 6-unit complex (not in Detroit, MI) I am looking to pull cash out of.  

if you are looking at small multifamily (2-4 units), there are a ton in the Midwest, but it looks like you are looking more at markets with a middle ground between appreciation and cash flow.

It's 7 units, 4 of them are vacant and 3 of them are occupied but it's rent-stabilized.

The most common beginner-friendly strategies include buy-and-hold (acquiring properties to rent out), fix-and-flip (renovating and reselling), and house hacking (living in a multi-unit property and renting out other units).

What you're talking about is pre-leasing which I generally don't see property managers do because it's 1) a nuisance for the current tenant, 2) can be difficult to schedule and 3) it's tough to know exactly when the unit will be ready and most people want to move in in about 2 weeks or less.

Hi River,Yes, I’ve been actively looking for multi family units here in Los Angeles. 

I'm going to cut to the chase: a so-called "contractor" had his employees do some work in one of my rental units. 

I would rather be all in a duplex 110- 120k, with 900 900,  I picked up a 7 unit, all in 230k, rent is about 50k gross, net about 37k, All the best 

Occupancy lower than that, means you are not doing a good job of keeping units rented.

Investment Info:Small multi-family (2-4 units) buy & hold investment.