I wonder if we will see a similar crash in Single Family - I'm skeptical for a number of reasons, prime among them the relatively stable debt and huge percentage of homes owned free and clear. 

Here are a few reasons I want to move into this industry: I love property (and would love to own it around the world), I enjoy spending time with family and traveling, I want a more flexible life down the line so I can spend more time doing the things which are important to me.I am looking for someone in the UK or European market and would like to have a stimulating conversation with you to learn more, and I would love to offer my time and energy to help you towards your business.

Background:My wife and I current live just East of Dallas in a single-family home (past 2 years).

I will be putting anywhere from 3.5%-5% down on the property so with that in mind, would y'all recommend starting with a Multi Family and reduce my living expense or with the SFH and not cash flow until year 2 when I am out of the property? 

I would call this a one-and-a-half plex. it is a converted single-family home.

I have plenty of clients who 'make' enough and would have no trouble qualifying, but there is a benefit to keeping liability off of yourself and funneling your debt, et al. through the asset itself.Plus, if you keep it at 1-4 units, most DSCR lenders would still qualify that as "single-family" so you would still be eligible for 80% leverage on purchases and 75% (or sometimes 80%) on refinances. 

After listening to 100 podcasts I felt I had the confidence and game plan necessary to start accumulating multi-family homes.

I have a three bedroom, single family home.

I am sure this has been asked over and over again, but what are the best city, states for rental properties (single family and multi family)?

Also the land in question already has a well and septic system with electricity on site as well as a driveway and is zoned for cabins/mobile homes and single family dwellings among a few other things.