I learned that it was a huge value to have a contractor and investors who were flexible on the timelines, and to set up contingencies for emergencies like this in future deals.

Down payment and emergency fund for my second home would come from a cash-out refi that's closing around the end of this month on my primary.  

But you seem to have a healthy control of your finances, probably have a good savings and emergency fund, and have done your research on this property.

@Ting LaiBefore Obamacare, the way the medical insurance companies used to operate was, when major health expenses came up, to deny for pre-existing conditions as a matter of course on the basis of any reason, however farfetched, knowing that only a limited percentage of the people they were shafting would contact a lawyer and an even smaller number would take them to court.

His son got a degree that helped him in his current job in the medical/robotics arena...his education vocationally was worth it.  

“The husband worked full-time as an emergency physician, while his wife divides her time between caring for their children and managing their rental properties.

Houston is #1 market in the United States for Job CreationContrary to what the majority of out of state investors believe, Houston not only have Oil & Gas (Energy), Houston has other job growth in Consulting, Information Technology, Aerospace & Aviation, Medical treatment and Research, Goods Distribution, and Manufacturing.

This area is located next to 2 major universities that both have medical schools.

i get where you're coming from, but you still have to have a plan of some sort, not just "i'm not happy, so i need a fresh start." 3 or 6 months savings is inadequate for what you're thinking of doing, imho. what if an emergency happens?

In your case I would definitely hire a property manager.Lets say emergency happens while you are in the middle of meeting.