You, of course need to have a written agreement with them before selling the LLC to them and you will need to officially transfer ownership of the LLC to them using the legal means mandated by your state laws (check with a local RE attorney).This strategy is better than a double close because it's less risky and better than assigning contracts because offers are often made under LLC's so will be accepted more often than offers that stipulate assignment of contract.If you are already under contract under your own name or under the name of an LLC you do not wish to sell (like your company LLC), and your contract is not assignable, then you may be stuck with a double close.

Assisted living, memory center, continuing care, rest home, independent living, ambulatory care are all terms for what you might be looking for. 

Let me know your favorite ways to do a deal like this.Property is currently not listed on the MLS and it's owned by another local investor / contractor.Let me know your thoughts?

How do you ensure that properties comply with local regulations and ordinances?

Are you attending any local REIA's/networking events?

I too am a local here in South Florida.

He invests himself, specializes in investment properties and has a great pulse in the local real estate market.

To win, talk to locals, analyze the market, and ke­ep learning.

That is awesome to hear that someone local is doing the same thing that I am trying to accomplish! 

I run a call center for Real Estate so I know this is doable.