If you do a furnished LTR you will still have to worry about your furnishings and possibly consumables/linens if you plan on providing that sort of thing. 

I recently looked at an existing STR, but either the seller did not track the expenses or they did not want to provide them. 

My thinking is that by renting to a residential care facility I can effectively utilize all the space, earn above market rent, and help provide a needed service, while avoiding tenant parking jams. 

The only other options I can see are A) your mom partnering with you rather then selling the property to you - you become 50% owner and bring the funds and management to the rental while she provides the existing equity as her contribution; or B) your mom lending you the rehab cash out of her personal funds while also seller financing the house to you. 

Another thing is the insurance is sent to the bank from your insurance provider and the seller should never be needed as long as the documentation has been completed correctly.This is why you must vet the law and title office you are closing with to make sure they know how to handle these transactions. 

Travel nurses are making bank and sometimes I think the locums companies provide lodging.

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

If they haven't already, ask both of them to provide a detailed scope of work and then compare pricing based on the scope they provide.

Then from there they will start gradually providing you with knowledge on the job. 2.

If we had hundreds of loans out, we’d have enough monthly income to aggregate the payments into additional loans—but we don’t.If you do this, your note will have to have a compounding clause in it, provided by your lending attorney.