Do they have to go through eviction processes as well? 

I’d reach out to your attorney asap to get the process started.

I know that you do a great job smoothing out any "rough spots" in the lending process, so that certainly helps when the deal starts to go sideways... 

I am currently in the process of identifying land for a purpose-built residential assisted living and memory care facility in Houston, TX.

Are there any unique considerations or red flags you look for compared to the traditional rental process?

Don't be afraid of the process!

Alot of unknowns as you don't have the ability to walk the property beforehand, but interesting process, and pretty good deals exist there.While the Trustee Sales are cash purchases, there are many hard money options that can turn over the funds in time for the 24 hour funding required to complete the purchase.If you are interested, let me know and I can go into more detail, as well as make some other suggestions for you to consider. 

Then start analyzing deals so you get comfortable with that process.

.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

In fact, I would estimate that it is mostly upper middle-class folks that have the money and wherewithal to go through the vacation rental process - prepayment of substantial monies, etc.If you only have one property, I would just stick with Venmo, CashApp, or Paypal.