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?

If I transfer the money to my current job I cant barrow from it.

In your case, transferring the property from a revocable trust to an LLC where you and your wife are the owners should not affect the 1031 exchange, provided the LLC is a disregarded entity for tax purposes . 

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

I could envision them refusing to disburse funds until the LLC is reinstated.There may be a way to transfer ownership of the account, but it is probably just easier to move the money.

I understand that it gives you more coverage and it better if you are transfering RE from someone that you don't know... but in my case I will be transferring from myself to my LLC.Some good answers here: https://www.youtube.com/watch?

I am currently renovating it and we plan to when i am done to transfer the property to my buisness name. what would be the best route to go.  

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

Fannie mae allows you to transfer your loan into an LLC, but it is recommended that you speak to your loan servicer and ask that if they themselves will allow you to do so.

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