Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

For example, places like Illinois and Oklahoma have specific rules requiring a real estate license for certain types of marketing.This specifically for flipping land using Transactional Funding.If you’ve done this before, what states have you found to be friendly toward this approach?

They are usually fixer uppers howbeit not in terrible terrible shape.Are you focused on townhomes like this one in Edgewood: https://www.realtor.com/realestateandhomes-detail/1312-Acorn...?

(All of this is also with the caveat that I don't know the details on your current home). 

Quote from @Dyllon Gibbs: Hi All,Does anyone have experience with rent guarantee insurance and any specific companies?

How about something like this in Knoxville: https://www.realtor.com/realestateandhomes-detail/305-Taylor...?

Feel free to DM me and I can give you details on properties I have that are going to hit the market. 

If you're interested shoot me a DM and I will send you the details.

@Tim RogersI believe there are income limits that if you exceed specific income (cannot remember the number) it greatly reduces or zeroes out any deductions from a REPPeople a lot smarter than me can confirm

However, weighing your options and performing due diligence carefully based on your specific circumstances, the property's potential, and your long-term goals.