I'm a big Red Texas fan also, I can give you some good direction, but everyone's breeding program is their own. And in that you'll find many differences and similarities between set ups. Begining from scratch using BP x Texas is the traditional route but not the most conventional for space.
Original f1 offspring will be between 10-20% faders. Meaning they will peel their more natural texas coloring and have a pink, orange, red, or deep crimson and possible pearling. F1s generally are your starter fish for line breeding, keep females. Males will be a shot in the dark as far as fertility is concernced and IMO a waste of space in a small breeding program.
With F1 females selected ditch the BP or KKP and sub in daughter with her poppa Texas to breed. This back cross will yield F1BC1 Filial generation one backcross generation 1. It wont be f2 since youre not selecting brother and sister faders from the first F1 offspring. You will again end up with 10-20% faders.(Youre doing this backcross to lock in better pearling traits. Everytime you outcross to a parrot or other red fader you lose pearling in offspring. Backcrossing to the texas blood allows them to come back in and help lock the trait down.)
You basically repeat the process until you get to YOUR end goal. This is why they fetch so high in market for large crimson masterpieces. Some breeders have been at this process for a decade more with 30-100+ tanks. This is just a basic rundown of your best option for breeding with the space you have and the pieces for breeding you've chosen.
To add to this I would like to say chose a carpintis or gt75 Texas cichlid. They're much smaller than cyanoguttatus and IMO easier to hybridize with. Also instead of blood parrot female search for a nice king kong parrot or ingot parrot female. They carry better reds, a less beaky shape, plus their mouths can close unlike the blood parrot. Also I never leave the parents to raise eggs, just a preference of mine, I dont like them getting eaten or destroyed by newbie parents. I would raise the fry in a 20G Long and pull selects for another divided 20G Long. Cull whats not selects by freezing also, I use a small cube tray that has a silicone snap lid. Free frozen for the big fellas of the house.