I am looking to diversify my exposure to other cities and I've got a tenant occupied single family home on the east side, on Center St near N Walter St intersection. 10 min bicycle ride to the Alamo.

i don't have an answer for you but just wanted to say to check with the building/zoning/permitting dept to even ensure you can convert this property to a legal 2-family!

If this was my first chance at making it big on small SFR's or mid size multi family I would take what I say to heart.  

I dont think the terms allow me to post a link but here are some basics.Has been occupied avg of 17 days per month since Sept.managed by a top tier company and has 4.8 star avg reviews.Also would be a good family home (large private lot, fenced yard, hot tub).It has the benefit of being near Austin downtown, but NOT in Austin city limits (9 miles to city center), so lower taxes and no STR rules (default to Travis County rules).I have read the forum posts for similar situations, however every market is different. 

Id first write down what your goals are and how much time you realistically have to spend on REI (ie if you work a full time job/have a family/etc flipping or STRs may be tougher than renting a LTR).

You can find many single family homes with early opportunities to cash flow and appreciate at the same time.

I closed on a single family with an open case.

I've been flipping and keeping mostly single family units for 28 years with my wife. 

My wife Jen (a real estate agent) and I are real estate investors mainly interested in buy and hold single family rentals, as well as flips. 

Single Family, Multi Family/house hack?