Good to hear that most of your numbers are similar.Most 4-plexes and condo/town homes in Houston under 4 units have higher HOA fees single family.  

My husband and I have amassed a fairly significant amount of cash and we're interested in starting with 2 single family homes or small multifamily properties and within the next 2 years, turning our current residence into a rental.  

I have a single family house that sits on a corner lot on a busy street.

I am looking for both multifamily and single family.

One of which I'm waiting to hear back from the broker about but maybe others have come across a similar scenario.There is a listing on MLS in my area for a triplex AND a detached single family home.  

Apple) who have committed to taking back their products at end of life.

I understand lawyers cost $$$ but I'm sure it is not going to kill your budget to ask them a single question.

203k loans and homestyle renovation loans are products many banks offer for rehab deals.

You can go to a single meeting for a small fee, so maybe check one out and see if it's for you.

If your intent is primarily to hold for productive use then you can use the 1031.