It is possible the sales price of the life estate however much will go to the nursing home and the ex-owner will qualify for aid once the money is gone.  

Individual lenders are allowed to be more restrictive.

One thing to note when looking at the individual markets, you can make or loose money in any market.

We just did something similar, but had individual contracts because buyers may not be the same person and you need to know what you are paying for each house/property.

Then you take into account who holds the deed on the property(personally or in a business entity) and you are looking at protecting your individual assets or your investment.

We have confirmed that in Ontario, an individual can not be refused residence based on age, including individuals who are 16 or 17 years old and are no longer living with their parents.

Also keep in mind though- owning a house could interfere with your financial aid- I'd speak to an expert about that. 

Can be purchased individually or as a package.

A Broker’s license is required if an individual intends to wholesale more than one deal a year and they will be subject to the rules and regulation of the Illinois Department of Financial and Professional Regulation.

They can close you in an LLC or as an individual.