houston is probably similar pricing to Columbus Ohio but way worse zoning laws. we take 20% on top as a GC and a guaranteed fee agreement. our contracted new construction projects recently:Single family new build spec home: 1513 square feet with 3 beds 2.5 baths 1 car attached $275000 approx $182 a square foot if calculated using heated square feet which means our cost is $145 a square foot. 3 unit / triplex new construction: 2008 square feet 2 bedrooms 1 bath per unit or total 6 bedrooms 3 bathrooms with 3 off street parking spaces. contracted build cost $395,000. no garage on this and better economies of scale with shared roof, slab, etc. $192 a square foot hard cost with our cost running approximately $157 a square foot. 

MikeI find most multi family deals in C areas that are in the verge of gentrifying or in tertiary markets like you are looking at!

Just for fun, I attached the before and current state photos of my current flip.

My wife and I own a single-family home in a top school district.

Quote from @Lillian Pintaro: @Michael Ewers  my whole family invest, and our rentals have been doing great!

Although multi-family properties is a term used more in the US and converted itself into a proper investment strategy, this is also possible in Spain (or anywhere in the world).

Quote from @Adam Michel: Quote from @Benjamin Aaker: Single family and small multifamily are still overvalued.

I also have an excess of $1000 a month after all expenses and paid.I guess what I am asking is should I stay and rent and look for a investment property or buy a property for me and my family.

If you’d like to own 10 SFHs that’s a way different trajectory than someone who wants to own 100 units of multi family and different from someone who wants STRs in different areas so they have a place to vacation occasionally.

Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.