Transplant hospitals might be another option. 

Granted, the current value gets you to your target cash-out number of $125,000 which is another option.

My questions: 1. 2-4 units multi-family property strategy is better than buying 3 SFH in that market?

Of course, there are a ton of other options like out of state investing. 

This to me would warrant an economical option.

The city's growing number of people and its economy might also help raise home values and the cost to rent.Start by looking at your equity, research the rental market in Lubbock, check out properties with tools like BiggerPockets rent calculator, talk to local pros, look into money options, and choose if you want to run the place yourself or get a company to do it.

Take an option to buy the property 3.

Many agents are lazy and do not take the time to add photos that illustrate unique characteristics, incorrectly add the unit numbers, bedroom count, or fail to verify the square footage that could be greater than the public records the MLS autopopulates. 4, Many MLS properties are listed under the incorrect categories (multi-family under the residential section, multi-family under commercial etc.). 

500k avg however that's single family vs this which is a multi with 6 units.

The expanded inventory offers more options for buyers and a healthier market overall.Actionable InsightsFor Buyers: Now is a great time to explore the market with the increased inventory.