Also, all other things equal, SFHs will tend to attract a better, more stable tenant class (families) than multis.Multi's have their benefits to, and I'm not knockin' them, but SFHs are not without their merrits.

After having a unit vacant for a while and seeing previously-stable tenants leave huge buildings vacant for an extended period, I'm not going for SSNL.

But the banks won't touch me (yet) because I recently went full-time as a real estate investor and don't have the stable income history that most banks want.  

We are seeing great returns here and our market is very stable.

Additionally, this property type is often occupied by numerous long-term tenants, so it provides stable and predictable cash flow, allowing an investor to systematically renovate units without a significant spike in vacancy.Which areas of the metro are the most sought-after now and why?

Longterm would give me a lower but more stable income.

You are welcome to consult your own.The property will be in a stable or growing area of the Austin metro, between $500,000 and $650,000, a 3 bedroom, 2 bath single family house.I would probably need to protect myself so that the cosigner doesn't bail out at closing and I lose the deposit.Anyone has done something similar to this?

It may be the ideal moment to get investors pulling out of the stock market interested in more tangible, stable assets such as homes.

@Simcha Davidman I completely agree, it's a sellers market and deals are flying fast off the shelf!

The first guy has around a 600 credit score, stable job, but isn't able to move in until the end of February.