Most insurance companies will throw $500-$2,000 to someone for medical if they trip and fall on something, as long as it isn't seen as a hazard that should be fixed.

We are 5-10 miles from a handful of major medical centers and facilities. 

I understand this is the way syndication works with multifamily properties because the operations are generally only a few people, however, in senior living, the operations are much larger and more litigious because we are providing 24-hour care, medication management, meals, transportation, activities, etc. 

If caught, best case scenario is you'd get a cease and desist letter from the state regulator and probably fined. 0% chance this is worth it.

The problem is their only source of income is the husband's medical disability check.

After I posted this, I had a medical situation that we were dealing with to top it all off. 

Are you kidding me, your entire investment is based on using the property for short-term rental - any complaints by neighbors and you have to cease.

One attorney told me I did not need a PPM for the business model and the state disagreed.. paid a small fine 5k created the type of PPM they wanted and that was the end of it Plus I did not get sued I got a cease and desist big difference which of course you simply dont know the difference ..

We have recently moved out of our home due to a family medical issue.

There is definitely a market for mid term rentals in the Nashville area due to the medical hub of West end and several other large hospitals in the area.