Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs.

Financing and Complexity: An LLC can make financing more challenging and expensive since banks often offer better terms on personal loans for real estate than LLC-held properties.

They will just wait for you to cancel the contract and offer on the listing themselves. 

If anyone has any other suggestions about alternative strategies in the area that could facilitate cashflow, Id be all ears.

If all else fails and it falls on me, do you recommend I file a claim under my PP insurance policy (I have a police report).Thank you for your suggestions/assistance! 

Given you also have a management company to do books for I would suggest the more expensive option of getting a management software that has accounting capabilities so that all you would have to keep track of on a spreadsheet is the management company.

Sellers Get More MoneyWith wholesaling, sellers often need to take a low cash offer.

Quote from @Bryan Hartlen: We’re selling a SF rental property and offering seller financing.  

Second I would like to ask is are there any suggested contracts that are better than others for both the landlord as well as contracts that I should use for my sublease? 

I can offer my knowledge.