Start with a tiny rental or a fixer-upper, use helpful tools and resources, and tap into loans like bank loans, quick cash loans, or loans from people you know.

With tools like Stayfi and The Host Co for direct bookings and in-house store management, you’re already taking steps to maximize revenue.

The HOA might encourage swift action, but the authority usually lies with the city.PS: Texas counties have more power over land use regulations than cities in some cases, which can influence how properties in rural areas are managed after a disaste

My sister and I could then be “employees” of the business, with managerial powers, and the businesses would be in a trust to avoid probate at the time of my fathers passing.  

The experience of generating consistent cash flow from that rental property opened my eyes to the potential of leveraging real estate as a long-term wealth-building tool.

This is powerful insight and it gives me hope!

MTR arbitrage is a useful tool to have in your tool chest, and like all tools, it has its uses along with its positives and negatives.MTR: Medium-term rental (usually between 1-12 months)Arbitrage: renting from another landlord and *with their permission* renting out that unit to a third party, hopefully at a profit.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

I think special tools are needed in this instance. 

You're spot on about security deposits being a practical tool to mitigate risk, especially with applicants who have checkered rental histories.