Need advise: New Town home vs Single Family

[Krishna Kiran]

Hello all,

I am totally new to this, this is my first post here and need some help from all the wise people. I am a federal employee and my wife is going to be a dentist soon, I am not in the market for investment right away but it is in my mind for sure in next couple of years as my wife starts earning. For now, I own a town home in Chicago which is rented and which we do not plan to sell for at least couple of years.

I am planning to move to Houston by sept of next year. I am confused between buying a townhome for 285k or buy a single family for about 345k. If we buy a TH, we might stay in it for two to three years and then move to bigger house, if we buy a single family, we will stay in the house for five or six years in it and then move to another house. We wont be selling either way, plan is to rent when we move to our next home. Also, which location is best for living now and renting in like three four years, Sienna, Spring or Fulshear. As for the Chicago town home, plan is to rent for next three years and then sell it and buy another investment property in Houston.

Sorry, if I am all over the place but, any guidance would be highly appreciated, my main concern in buying single family for 345k is renting scope after we move to another house..  Whatever we buy, we are looking in Sienna or Fulshear. Would love Sugar land but could not find any that we like with in the Price range.