Caution - there is going to be an equation used in order to determine the proper income amount for underwriting.  

To get the best price you need to have a properly performing property.. get rid of the manager, find another one.. use google if you have to... you are going to get 60-80% of the value if you sell with a vacancy.. suck it up, get a new manager, claim some proffit and then get out.Honestly, you should dig deep with these potential buyers and see if they are related to the manger...

Little engagement is rare with Ads implemented properly!

But in these places you will get minimal training, and may not only set yourself up for failure on the business level, but can get yourself into legal trouble because you never learn how to do things legally and properly.

I have recently moved to Sonoma County CA, Santa Rosa proper.

The issue is however, time constraints, lack of resources (proper employees or even how to find them).

Big risk, big potential reward if purchased and managed properly - and if you're comfortable long distance fully managed I have a couple in mind, pm me.If only based upon your 2 options, I'd go with the MF - less capex with a single roof, single exterior, etc. than going with 8 turnkeys @ who knows what class.

Contribute it and sell it within the proper time frame.

Having self-employment activity and no full time employees will allow you to have the more powerful 401k, but either structure can invest into real estate if setup properly.

Also, if the properties required renovation how extensive was the reno and were you able to be on-site daily to be sure the work was being done properly as a lot of the multi-families in the area are complete gut jobs?