What is Better ?

Both can be lucrative investments, but I tend to like the single-family myself. It is very easy to rent them out and if you plan to sell, you then have several options for doing that. (and they sell much easier than multis).
As a matter of fact, there is one home that we are closing on within the next few days that I have been running a ghost ad in the paper for (sale or rent). I've gotten tons of response, and have 2 parties that are ready to sign a lease option with me, wanting to buy, but needing a little time to qualify/save. They will pay rent to cash flow for the next year (or a shorter time if they can buy sooner) and are willing to pay my top asking price for the privilege of doing so.
Congratulations on stepping out and taking action in your REI! From reading your other post, it sounds like you're in a great position to really take off.

Best wishes,

Rina

Thanks for the advice, I feel that single family housing is what Im looking to do.

and thanks for looking at my other posts.

Another quick question regarding my money situation, through your eyes it seems that I have great potential and can start right away. But to me, I feel like if i were to purchase a property that I would no longer have the money to keep for savings. What do you think is the best thing for me to do?

I don't know how long you've been saving $1,000mo, but let me tell you, that is great!! Shows diligence. While I wouldn't suggest using ALL of your savings, you can use what you have for leverage. First of all that looks good to a lender, along with the fact that you have a steady job. Depending on how much you have available and how much properties are going for in your area, and what loans you qualify for, you may have enough for a downpayment.
Have you bought a home before? You could purchase as a first-time homebuyer and possibly qualify for a loan geared toward first-time homeowners. (I'm not familiar with what is available, but you can talk to your bank, and certainly search the forums as there have been conversations concerning such.) Then you could, shortly after, switch the property over to being a rental.
If you get a great deal on a property, you will have cash flow coming in as well, and that will be a continuous source of funds to reinvest. Plus you have the equity in the property that should just continue to apprciate from here on.
There are so many options, Austin. I guess the biggest thing is just deciding to take that first step. The sooner you do, the sooner you'll be on your way. I see from your posts that you have the good sense to keep yourself in check and not throw all your money into a whim. Just trust yourself and use the tools you now have available. Start doing your research. You're going to do great!!
And don't be afraid to keep asking questions here.

Best wishes,

Rina