I am also including the taxes and insurance while running the numbers.

I'm attempting to help out a friend's parents who are about to lose their home to back taxes.Is the process as simple as quit claiming the deed to me and then I pay the taxes and hold the property until they pay me back?

.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.

Unexpected thing is actually coming from property tax rather than the performance of the STR itself, we still get 99.99999% fully booked.

Behind on property tax?

From paper this looks good, but even with that, wouldn't the tax kill all of this effort if I also gone this direction? 

I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend 200-300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why? 

The first two years of taxes were paid but the most recent was not.

@Tyler Sherman review Form 8582 in your tax return.  

Civil records clerk claims the only forms they have are landlord/tenant eviction based on non payment of rent and I need to google the form I need.