Also I would be curious to know if when franchising through and established brand if a business loan would be more suitable than a CRE loan.

After establishing this, the next most important aspect of this land would be its zoning and restrictive covenants.

I know that once I have more established relationships this side will probably get easier but it is painful at this stage haha.

talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong. 

@Carol D.They are a regulation a+ offering so they will be required to report bi annually the financials to the SEC and you can see financial strength of the company.Just remember most companies may issue distributions but are not profitable the first few years due to high startup costs for a company

I think the city in TX would also develop much faster than CA because TX has more relaxing regulations to build houses.

I haven't researched it much but I tend to see a fair amount of listings for this type of home and am just interested if there are any regulations, rules, red flags I should know about if I decide to pursue this niche.

New rent control laws and regulations, such as the ones in Oregon, can decrease revenue generation for investors.

Now, in a couple of years when you're established and have a good book of business, you could loosen up on the schedule and networking part, but these are good starting steps that helped me get to where I am. 

An A+ credit file will have those 5 accounts open for 24 months...I say that because you won't necessarily be able to open account this week and then check back in a month... open the accounts get you started what helps your credit is managing those accounts successfully overtime.There are a few ways to speed up the process and give yourself an established history in a couple weeks instead of a couple of years... it won't work for everyone but it will help in certain circumstances.Reporting Rent To Credit: This can be done in a lot of different ways.