If at that time a child wants to move into the property as their primary residence they will be able to keep the reduced property tax basis.  

I am a 16 year old planning to form an LLC under my parents name in order to qualify for business credit to cover the down payment on my first investment property I will also pair the business credit I am able to qualify for with cash and refinance to pay off the down payment when the interest starts to kick in but I am wondering if when applying for a FHA loan on an investment property if they require income to qualify or if they will accept it because I will be renting and covering the mortgage with the rent and how that all works when qualifying and if this is even possible. 

Instead, open a Roth IRA for each child and deposit their income directly into the IRAs.

I've read that you can do it with Airbnb with a parent listing.

His elderly parents, had one done a few years ago, without his knowledge.

Learning to parent is hard and equally stressful. 

Probably child’s play for a cyclist like yourself.

I know the range of markets in the title is quite wide but like I said I am early on in the process and wanted to pick markets where I spend time during the offseason (I spend most of the offseason in New Jersey but spend time visitng parents and grandparents in south carolina and florida).

You said you live with your parents.

Your wife as joint tenant (even though she isn't an active manager she can still sign a check if need be), a child or trusted relative as a designated beneficiary (so the bank knows what to do with the money).