Since you requested any book recommendations, I wanted to point you towards Tax Free Wealth by Tom Wheelwright. 

I don't know about Texas, but you might be able to charge a non-refundable deposit to hold it that then becomes their security deposit when they move in. 

If your parent’s currently occupy the home, at death if you move in you can get their property tax basis. 

Definitely discuss w your tax advisor too.  

., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return. 

If its a 2-4 unit you only need 15% down using a True Portfolio program and you have DSCR as a back up that uses the STR rents to qualify and avoid personal tax returns or income.  

Consult with real estate experts for guidance on legal obligations, tax consequences, and financial strategies.

If they go to Airbnb looking for a refund we use the timestamped photos to refute them and deny compensation, but we do try to go above and beyond with the guest while there to garner a good review. 

I’m aware of two individuals who paid NWA’s $10k non-refundable EMD with the expectation they would receive a loan from Sherman.

Look at rental rates, vacancy rates, and typical property taxes in your target area.