If you have a HELOC or 401K it will help..I like the Florida market and explored some cities in FL when deciding to invest out of state, Florida you need to pay close attention to Insurance prices depending where in FL you invest can be a major expense..I love the coast and beaches but I wouldn’t invest next to the coast especially being Out of State.

Pay attention to the length of time it's on there as well.

Are you sure it isn't medical? 

But if it is large banks with local presence that is OK.These internet preapprove letters do not get the attention from local listing agents. 

Interest party has the attention span just for a few minutes, if something does not make sense he is gone the next minute. 

Be it our job is tearing our family apart or we get medically separated. 

I would focus attention on what the actual rent would be.I think your taxes and insurance are way low.

Moreover, most of the people living in these areas drive 30 minutes per day to downtown Houston and Houston Medical Center.  

Again, I don't mind the work, I have attention to detail and so on, just not entirely sure how to go about it.Thanks!

@Michael Joseph Allen II, why not get one of those little houses in the medical district or Heart of Lubbock that has a separate apartment on the lot.