I also strongly encourage title insurance for quitclaim scenarios.

Where is the logic and business management philosophy behind that thinking.

I believe if in the abundance philosophy...there is plenty of opportunity for everyone. 

So the debt from the first property will actually hurt your Debt to Income (DTI) when trying to buy your second until you're able to document via tax returns that the income from the first rental exceeds the debt.I would encourage you to find a lender in TX who can help explain all of this to you so that you can plan accordingly.

If at all possible I'd encourage you to keep what could be a decent rental for passive income. 

@John Warren thanks for the encouragement!

Stay encouraged and keep looking at all options.  

I’ve also found that adopting Ray Dalio’s philosophy of asking myself “how do I know I’m right” instead of just thinking “I’m right” forces the issue of giving every angle an honest look if I want any chance at being successful at this.

Read posts by him ^^^ Luke Carl, Michael Baum and Julie McCoy for advice and encouragement. 

@Marcos Carbi  timing the market is notoriously difficult (and research generally shows that even experts who try to time the market usually get it wrong).My philosophy is:  If the property pencils out right now, and fits within your goals, then waiting for future market changes seems silly.