I know I need to learn all local regulations, why the property is available, if the current tenants have leases, all of the financial analyses (Let me know if any of you have come across something I might not know), section 8, available grants, and possibilities to finance the deal if the numbers work.  

You are doing things right and I can tell from how you present yourself you somewhat understand and respect the environment.

Zoning varies, so always check the local regulations for your specific needs.Financing: While cash purchases are common, financing options are available through local banks and credit unions.

There are also very strict regulations on who can invest in the stock market.

They will draw down substantially in a rising rate environment, especially if persistent inflation detracts from landlords' ability to consistently increase rents & other income. 

There's a bill in AR that hopefully will get passed which would stop local municipalities from enforcing regulation on STR.

Back when a similar regulation was introduced in another city I worked in, I remember a client who nearly had a deal derailed because of unexpected delays.

You might also want to network with local businesses that may have relocating employees or contractors in need of housing.Local Regulations: Some areas have different rules for mid-term rentals than for long-term or short-term rentals, so make sure you're compliant with local laws.If you're new to mid-term rentals, connecting with investors or property managers already working in this space can be invaluable.

Further, you must be admitted to (or employed by) the company that is selling the securities, as the securities exemption being claimed, usually Regulation D, Rule 506, only applies to the “issuer” of the securities. 

Usually most franchise models in other business environments have the whole package.