The tenant just paid off my underlying and now I have 400k or so they still owe me  on a 1.5 mil ARV in position..

The bank from my understanding will be writing off a loss on this loan as there is not enough money to go around.Here is where it gets interesting, there is a second lien on the properties from a seller of a hotel that the current owner of the 21 unit bought seller finance. obviously there is not enough money to get this guy paid off as the bank is already taking a loss.

prices and rates are high and there is lots of competition for deals, both on and off market. 

I've tried 6 different rental collection platforms and this one is by far the best. 

I closed off the connecting door to split the unit into two.

My mentor says you can get more cash flow and liquidity with SFH vs Multifamily, since brokers seem to want a certain cap rate on sales accross a geographic area vs when working with SFH sellers, they're more flexible and motivated based on individual needs.What are your thoughts on buying SFH vs Multifamily?

Hey Josh I've worked with clients with an S-8 focus and I loop Brad in on the hand off they do a great job with the management side! 

Purchase price: $400,000 This was an off-market seller financed deal with a local investor who had owned the property for over 30 years!

I am actually from Elgin not far from you, but now stay down in the city. 

The earlier you start in your RE journey, the better off you will be in the future.