Creative buying suggestion needed versus assets to nursing home

[Jeff Christman]

I am interested in buying a house that is 'not yet' on the market.  I am in casual talks with the family and trying to be a helpful resource for them as well.  I am searching for the sale structure that would best benefit the seller while helping me to acquire a rental property on the best terms.  Here is the situation as I understand it...

Free and clear house locally in Ohio.  Owner is an aged widower man in failing health that NEEDS to move to a nursing home or assisted living facility.  He WANTS to sell the house and be done with it.  The 2 daughters are on board with selling, but concerned that the government, Medicare, etc. will 'take' the proceeds to pay for his care.  He has no specific long term care insurance.  They are wondering if he can transfer the house to their names prior to the transition in order to avoid this (and are there time limits?).

Ideally, I would like 'seller carryback terms' with a note and mortgage so that I can provide him with a monthly income stream.  I don't know if this avoids the "?confiscation of assets?" conundrum.   I can buy the house traditionally if they have no way around their problem.  The house needs a fair amount of work, so a master lease option is not a good fit.   I'm just looking for ideas and suggestions so that I can be better versed the next time I talk to them.    Thanks