do ur due diligence on the individual. ask questions because this is interesting. take the cash if everything checks out. definitely keep an eye on the property. 

Ensure that the net operating income (NOI) meets your investment goals.Future Developments: Investigate any future developments or infrastructure projects planned for the area, as these can significantly impact property values and rental demand.Financing: If you are planning on taking out a loan to purchase a property in this area it is imperative to make sure you are getting terms that align with your investment objectives.

What is the process for taking over the old lease? 

Sadly the LLC simply protects you from anyone sueing you and taking assets outside of the LLC.

Glad I found Bigger Pockets, so much information to take in, and all at our fingertips!

Take it or leave it, but it may save you some time with "tire kickers" reaching out to see all your info, just to come back with "I will pay your $5-10k" for your $100k investment.

After getting discouraged, we decided to take a different approach: looking for off market deals.

Take a look at areas such as Burlington, Mebane and Graham (Alamance), and Greensboro, High Point and Winston-Salem (Triad).

You are way too green to even consider notes and from what you are saying, you are literally just taking things others suggested and saying you want to invest in them which is a recipe for disaster.

Protection from Nursing Home Costs: They also mentioned concerns about Uncle Sam taking my assets to cover nursing home costs.