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I know that being around a dementia patient 24/7 can be very stressful. I would be concerned of burn out and anticipate you would need shifts of people and not just one person. Maybe, others around here have done this before and can offer you their experiences.
from google
Nine out of ten seniors report that they wish to age in place, at home. However, frailty, chronic illness or forgetfulness can make living alone too difficult. In these cases, live-in care allows your loved one to remain in the comfort of his or her home and maintain as much independence as possible, while ensuring the highest level of safety. With 24/7, around-the-clock care, a caregiver is always watching over your loved one, offering emotional support, reducing fall risk and assisting in all activities of daily living including:
Cooking and light housekeeping
Laundry and change of bed linens
Grocery shopping and errands
Companionship and range of motion exercise
Transportation to doctor appointments, supermarket, pharmacy
Assisting with walking and transfer from bed to wheelchair
Bathing, dressing and grooming assistance
Status reporting to family
Medication reminders