It sound like you have your area under control. 

You’ll develop resilience, leadership, negotiation skills, vision, emotional control, and more.

It's a shared house so they have no renter's rights giving the owner huge leverage and control. 

Like you I also have the RE license to keep some of the commissions and better control. 

The only company that Neal has had full control over is called Grocapitus.

It's fantastic you decided to jump in.. have you mapped out your first property analysis yet?

That gives them the ability to maintain control over the entire real estate investing process, from acquisition to renovation and then resale or lease and manage the properties in house.

FDCPA controls debt collection and makes sure that buyers  of defaulted debt don't threaten borrowers with violence , phone calls in the middle of the night and non-existent jail sentences for failure to repay.

I would think their loan documents give them the right to control the property after the original owner dies - regardless of who is living there (although I have no direct knowledge of the laws where you live).There are details we don't know here... like if you want the house for sentimental reasons, or because you see the value between what it's worth on the market today and what the reverse mortgage company wants for it?  

Not sure how you believe they could control their cash flow.