Thank you kindly.

I wondered if it was just my area or if it was common for the sec deposit and the bonus.

-JulioJulio, thank you for the kind welcome!  

A good network will help you fine-tune your approach and avoid common pitfalls.Hope this gives you a solid foundation to get started!

Or, at least the company's offering them in other states think Texas law would not look kindly on the product so as you point out they do not offer in Texas. 

Acting like a broker dealer is scarily common.

If the home has to meet special requirements (a common one is residential sprinklers), then you can potentially charge much higher rent and have higher cash flow on a long term lease to these operators.

This is made possible by them setting up a Tenants In Common (TIC) structure.Has anyone done this before?

What area are you looking into and what kind of investment are you looking for? 

Also, the areas that have raw land for that kind of project, are not close enough to the metro city center, hence I am afraid of the demand to buy.