If you've been a part of placing a parent into a nursing home you know the drill. If that parent has limited cash reserves and insurance coverage, and also owns a property, then the parent signs it over to the nursing home to cover anticipated costs.  Unless they have $158K in the bank, in which case you wait until he slips into a coma and just steal it yourself.

That understood, a nursing home stands to collect a hell of a lot of properties. That understood, depending on how long a parent needed perpetual care at the nursing home, the property could be sold for a nice profit. Who really checks to find out if the house covered the costs relating to care? 

Someone on the "inside" of the nursing home industry could be situated to be alerted to some great deals on houses.  The right guy could pick up house after house on the cheap, depending on circumstances, like who you know.

For cheap or otherwise, word is that Alex Hazzouri is suddenly in the buy-em and fix'em-up business.  Contractors I've talked with tell me Alex is keeping them quite busy fixing up properties he picked up from nursing homes.