However, it seems like the success stories I've seen so far (and maybe I'm not digging deep enough) are all singles or couples with children.

They have offered their two adult children, my husband and his brother, the opportunity to be silent investors in the project, with a suggested buy in at $20,000.

We have strict laws here that require pool safety fences for properties with children under the age of 6.

We are both young retirees with children ready to go to college. 

Are there any children living in the property at this time?

We only currently make enough money to survive living with family as we have 3 (almost 4) children and since he goes to school and his job only pays him $10/Hr at 30 hrs a week.

Shielding and separating your assets from the risks of a deal can be valuable.In summary -- you can make your business as simple (dba and insurance) or complicated (Family limited partnership with LLC general partner owned by a irrevocable family trust for you children) as you like or need.  

The applicant that was approved is a retired teacher that is moving closer to children.  

You have two young children and your searching for a daycare to watch them during the day.  

They have four children but I am the only one in a position to give them the money to pay off the house.