Even if you do find that deal, getting it to cash flow after repairs and cash out refinance is extremely difficult for Single family homes.

Hey Andrea,  We purchase a single family 2 br on the west side 5 min from the airport and a popular hospital.

The three single car garage spaces are vacant and not durrently being utilized and can be monetized through rent.

You only get a single point of contact for everything all encompassing, and unless they are 100% competent(not even proficient) you are screwed.

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

I have owned several single family homes as rentals in my own name, my first LLC holds mostly 2-4 unit small multifamily properties, while my most recent LLC has all 5+ units.

pid=2141Houston Real Estate Highlights for December and Full-Year 2024:-Following two consecutive years of declines, single-family home sales rebounded in 2024 with 85,163 single-family homes sold compared to 84,038 in 2023 an increase of 1.3 percent; -Total property sales for full-year 2024 were statistically flat at 101,864 units while the total dollar volume increased 3.1 percent to $41 billion;-December single-family home sales climbed 16.3 percent year-over-year with 7,162 units sold;-Total December property sales increased 13.6 percent to 8,478 units;-Total dollar volume for December rose 20.5 percent to $3.5 billion;-The single-family home median price edged up by 1.3 percent to $334,290 while the average price increased 5.0 percent to $425,150;-Single-family homes months of inventory expanded to a 4.0-months supply;-The townhome/condominium market experienced declining sales throughout 2024, and in December, volume declined 5.8 percent, with the average price up 2.5 percent to $268,152 and the median price statistically flat at $234,250;-Townhome/condominium inventory improved from a 3.5-months supply to 5.4 months.

Mortgage lenders will qualify you for a higher purchase amount for multis than they would on a single, because they will count the rent you will be making on the other units as additional qualifying income for your loan application.

The higher your equity gets on a single property, the more you are losing money. 

Condos don't appreciate at the same rate as single family homes, and you are always a newly elected board away from STRs getting banned in your building.