Austin is a fantastic market, with its growing tech presence and vibrant culture, making it a great choice for your future career. 

Here's the link to their website: www.stayhikaru.com

Get familiar with price points in your market and what looks like a good deal. 

There's currently a website set up to get information from customers that have had this contract "sleight of hand" done to them. 

However, if your father inherits and later transfers the home, it should qualify for a step-up in basis to fair market value, reducing future tax liability.If the goal is to tap into equity, having the trust take out a HELOC may be a better option, avoiding California Prop 19 reassessment, which could raise property taxes significantly.

I would add that SFH airbnb market here is saturated BUT I believe there is still a robust market for larger homes for family gatherings and events.

@Joe Frank I’m a huge fan of Turbo Tenant to market properties, manage leads, screen tenants and lease up.

You should be able to use departing residence income from the market rent when qualifying for a new primary purchase.

I agree very market dependent. 

One unit was rehabbed with $15,000 and a new leaseadded at market rent.