That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible. 

You might even be able to get out from under the built up tax liability.With your asset amount, maybe its possible to sell out / 1031 to a REIT, and still cash out leaving behind the tax liability. 

Would it be possible for my wife to transfer the house/deed into her name (or buy the house, etc.) so we can take a loan against it to help pay for the memory care?

Is it possible to sell or refinance one unit to pay the other off completely. 

So, I think you can expect interest rates of 8% right now or possibly more. 4.

My best advice would be to begin networking as much as possible and find a mentor.You've already taken the first step which is gaining knowledge.

You can buy a house that need lots of work that's another way, do as much work as possible be the project manager how ever you can help to save money .BIG pockets can jump in on a MLS ride it out .

But because he did poor in RE investing (with virtually every mistake possible), RE investing is not worth it. 

The department of justice filed a request to eliminate the comp agreement requirement due to possible anti trust violations.  

Is it possible for her to buy the house/land then we subdivide the property (property has an approved preliminary plat for subdivision into 2-3 separate lots, electrical and pluming lines have been put in place for future development).