Most of the “deals” have no meat left on bone except for maybe a long term rental hold after repairs.They ironically sponsor a lot of the meet ups I’ve been too here in DFW. of course they do they live and breath on newbies..  

Quote from @Ben Trageser: If you live in your short-term rental (STR) property in a future year after claiming depreciation, depreciation recapture does not occur immediately.

When I have to buy material from Home Depot for my rentals.

You could get into a solid multi-unit or a single-family rental with real cash flow instead of hoping your Katy rental eventually fills.Not saying you should walk just yet, but if leasing drags out longer than expected, would you consider selling and reinvesting somewhere with better returns?

If you do it all above board, you would pay taxes on the rental income received and your daughter would be using post-tax dollars to pay rent which isn't the most efficient.

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

Going to do short term rental as well. 

We mostly buy rentals but will do an occasional flip in a market with strong sales comps.The markets buy in are DFW, OKC, Tulsa, Houston, Little Rock, Memphis, San Antonio and Birmingham metros. 

Your background in commercial sales and already owning a rental in Manchester’s North End puts you in a great position to scale.