I had to sell so I replaced the HVAC and a day later it was stolen by what neighbors described as the previous tenant.

And a big Welcome to BiggerPockets.  

This is the metric typically used on row homes or twins, detached structures usually add landscape or more siding and a higher likelihood of pitched & shingled roof.

The investors that I work with find this much less risky and a much faster way to get to ROI. 

On a more enterprise scale, I employ RevMax software as well as a fractional revenue manager who looks at the prices daily on a market level and a comp set level. 

There are two items that you need to completely solve this problem for your rehabs: properly built Design Boards and a Finish Schedule.

-Depending on your gain above, you could get a partial 121 exclusion and a 1031 on the townhouse.

I asked him a lot of questions about the business and as soon as I got home I was doing research and joining RE forums focused on multi family.

It could be a good choice if you prefer more personal space or want flexibility with different rental terms (like longer stays for remote workers).In general, duplexes are more limited in Austin and can appreciate well, while single-family homes give you future flexibility and a wider tenant pool.

I carry the standard home owner insurance and a separate $1M liability policy.