I actually ran the numbers and it's FAR cheaper to rent year round than buy a 300K condo even factoring in VRBO'ing it to a certain extent. 

According to the City planner, there is no immediate impact to the current construction/units according to the city but this could be developed in the future for mixed use.We have no experience in commercial so any input would be great .

@Darren Lenick, I disagree that that the corporate entitles won't be much of a factor. 

Temple in located right on the I35 corridor, is a nicer town than Killeen, and is seeing a good amount of new development in the area. 

Your lender may have internal risk factors that may push up rates or require larger down payments when you hit a certain number of properties.

My primary business is selling land in LA and the Inland Empire to homebuilders and other kinds of developers. 

., if you're not willing to pay for a home inspection then they might assume you're not serious about the home, and therefore they may not invest their time doing a walk through with you).Its definitely harder to get estimates/opinions from contractors without having a relationship with them first, and its hard to develop that relationship without doing business with them.  

If they could get out of their own way of their own regulation or reduce them for developers and charities to be able to build housing from say shipping containers,  or in older commercial buildings without having to do a full upgrade to modern standards.   

Also like Matthew mentions above, each city/state has their own zoning and codes, working with a knowledgeable developer in the areas who would also help you install the container homes would help tremendously imho.

I've purchased many homes, and have had a few rentals, but I've never invested in a developers project.