I was contacted by a real estate coaching company and they told me I’d been selected to “apply” for their coaching program.

I would restate that the lease will remain in place until such time that a new tenant is selected and moves into the property.This approach will ensure your cash flow while acknowledging that 'stuff happens.' 

Just be careful what areas, cash flow isn't everything.

Jason - First, we care about our users, which is why our policies exist. 

If the deal is in a good area, well taken care of, generates income, and will attract good tenants then i wouldnt worry about anything else.

There's too many investors who are front page news in Northern states re CFDs gone bad and Texas where lease options went bad and the state enacted buyer protections...Take care to all.   

And do they care if I do rent by the room strategies?

I looked at the market and see there's a large selection of 4bed/2bath homes in your price range.

The nicer areas are already charging a premium so be careful. 

Quote from @Jason Burkart: Quote from @Theresa Harris: Whatever you do, I'd keep it in your name if you are the one paying for it, in part for some of the reasons others mentioned (if at some point she goes into a retirement home and needs to use her assets to pay for care).Are you able to pay for her home for 10-20 years?