Baby newbie from Houston and I have questions!

[Rachel Thompson]

Hello BP!

I am 30 yrs old; have no debt; and have been saving to purchase a turnkey four-plex in Houston. The plan was to put 3.5% down with a first-time home buyer FHA loan. I would then live in one unit myself and rent out the others--two as long term rentals, one as an AirBnB (for starters). After fulfilling my year of living on the property (FHA loan stipulation, right?), I would probably move out and manage from afar.

Sadly, Houston four-plexes have DOUBLED in price in the last year! (Most are running around $900k now.) Talk about deflating. It has me wondering if there are other, better cities ripe with four-plex investment opportunities. Thoughts? Advice? Where would you go/what would you do if you were in my shoes?

Thank you!

RT