The key is having a trusted team on the ground that can help you through the process.

I have the means to buy the property myself but I worry about my parents retirement and would hope we can rinse and repeat this process a few times and help them get some extra money for their retirement.

Here's what I would suggest:A small, local lender will be your HIGHEST probability of success when trying to find "Line of Credit" lenders on investment properties.

Success is often built on doing what we are good at. 

However, if the property is tenant-occupied, accessing it for renovations might prove difficult.If your intention is to purchase a distressed property for value addition, I would caution against acquiring properties with existing tenants, as this can pose challenges in the renovation process.

Are there specific sites or processes to get into the list for  Fort Worth and McKinney to to list your property as a rental for section 8 tenants?

You want to compare the experiences available there so you know where you have to land to be successful in that market as a STR.Furnishing is the main cost that I didn't see and @Bryce Jamison hit several other ones.

Hi Bigger Pocket Fam,I am new to the house hacking process and need help hacking a 4BR and 2.5Bath single-family home.

I just wouldn’t spend a lot of extra money providing what for me has been essentially a break even process.

The idea of going through the whole real estate process again is not something we truly want to do.