In one case, the client lived in a small house on his parent's land rent free.

I'm not sure how to respond given that he was quite clear that he intended to live there. 

We live in small town Arkansas with a very low cost of living. 

And an additional $600/m for 1yr and $200/m for yr 2-3 that goes towards purchase (non-refundable). 

Greetings,We are wondering if anyone in the Greater Wichita, Ks area knows of companies that are attempting to begin a residential assisted living home?

Things are selling SO incredibly fast where I live so this makes sense.

This means having appropriate insurance, executing contracts with vendors/subcontractors and ensuring you are listed as an additional insured (not just  a certificate holder) on their insurance policies.

Given equity is always more expensive than debt, in my view the additional finance charges were a good trade off. 

My brother has lived in the home as his personal residence since, but we are now in the process of renting it out full-time using a property manager. 

I do Co-living out of state. :)  I live in Oregon, but invest in large SFH in Arizona.