It would suck to have a medical problem, need cash, and then pay a huge tax right when you need the cash the most.What does the IRA look like to your heirs after you die? 

Many of these homes have been bought and converted into multi family dwellings and Professional(doctor and dentist) offices. 

Is that your medical call to make?  

The personal reserves would cover unforeseen personal situations (lost job, medical emergency, etc).

Hi, I just graduated from my medical residency and headed to start my attending Job soon. 

Given that you are a medical doctor thinking of quitting the profession (or at least leaving for a while), your situation is different in some way than the ordinary joe who has spent his life being told he is no good, will never amount to anything, is stuck in 9-5 rut, or soul killing middle management position etc. 

Turn key with 2 doctors from nearby hospital on a 2 year lease.

I've had issues with this particular CPA taking 3-4 weeks to respond to emails and generally giving off the cuff, not researched, and flat out wrong tax planning advice.Anyway, I had a partially failed exchange (Realty Doctors promised they have NEVER missed a clients exchange, and lo and behold their builder couldn't build the 2nd property in time).My only gains are a $102K undeferred gain on the property I sold, and a single K-1 syndication exit where I invested $50K and got a $30K profit.When I look at the draft return, my capital gains from the sale of my home are being added to my AGI and I'm having to pay ordinary income taxes on sale of a long term capital gains asset.

For example, a 3000 square foot structure in a B+ suburb will always attract a dentist's office or another medical specialty.

I believe all states have provisions for terminating a residential lease, examples include (but not limited to) a tenant called to active military duty or change in orders, the death of a tenant (releasing the estate) or of a co-tenant, medical conditions requiring special care or residential amenities, another situation could include ADA compliance after a life changing event.