I plan to have the home occupied by a home health aid service who takes care of people 24hrs day and need a home to rent for 1+3 yrs.

The corporation will operate in the taxable world.The enterprise needs to be an active business concern, which in real estate means development activities such as construction and flipping. 

Employment has neared an all-time high of about 120,000 jobs The College Station-Bryan Business-Cycle Index, released monthly by Texas A&M University's Private Enterprise Research Center (PERC), attempts to reflect the current state of the economy.

That will aid you in all sorts of ways, including eventually getting private lender funding for your deals.

Maybe she could enlist a roommate/ nurse aid deal who could help pay 1/2 the rent?

I have my license to aid in my fix/flip and rental business.  

Please let me know if I'm leaving out any details that would be beneficial in aiding advice.

Ever hear the expression “drinking the Cool Aid”?

In general home warranties are a waste of $$....pay $400-800/year, plus each service call of $50-75 and often the bigger items only get partially covered, so you still pay a decent % of those no matter what.The contractors they work with are often garbage and do crap work to just band-aid the issue, only to get another call and another $50 service feeYes, occasionally you will hit the home run with an HVAC etc, but in most cases, the insurance company is making WAY more $$ than they are shelling out....that's what they do.

Im going to go against what you what you want to get it from and you can get aid from there but IMO the cashflow from there is too low to support yourself and for your personal use.