If so, there are probably other people like you that would be interested in living there.If you are buying a single family home, almost any town/city will work.  

I'm looking for neighborhood recommendations in the Sarasota area for a short/mid-term single family or townhome investment in the 400k-500k range.

To sell one of my investment properties, it is a single-family home that is valued at around $65k and no more than $70k, I have tenants who live in it for about three years and pay $950 a month in rent. the house is free and clear. 

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

Investment Info:Single-family residence buy & hold investment.

Our two story more family homes started at 500k and have ended up at 675k to 725k.. with our original nets at 100k ( was the goal) to now we are 100k to 150k NET NET NET on those.. we have 17 more to deliver and 11 are presold at those high numbers and so if I can keep lumber where i need it we should have a very nice last year of the project.

But I wouldn’t be focused on a multifamily in your situation as they are pretty rare to find in an entry-level price point in this area and if they are under ~$1M it’s probably going to be in bad condition or in a bad location (with some exceptions of course, but harder to find that a single family home in a good location that will appreciate better). 

I have a pretty large emergency fund in place for those properties, but I wonder if that capital could be better employed elsewhere (potentially acquire another property).  

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

It's a single family home in Overland Park, KS.