If you simply don't know or can't easily find out - making multiple offers can be a great way to help meet the sellers needs. 

Should I still meet with an attorney to review?

My mortgage will be $2600+(7.3% rate) so expenses can be $2200 at max as 45%. 

In the mean time, we can help the U.S. obesity rates by faxing documents so that government workers can get up from their desks and walk to the fax machine.I got an account at eFax.com which came with a fax number and I can receive 10 pages a month for free.

Some agents told me it's because rates are high and people are not willing to sell their properties with the lower interest rate or people are waiting for rates to come down or waiting for the outcome of the election or economy is bad. 

can you go to a REIA meeting and ask around? 

Get to your local RE meet up, learn how to run comps, and learn what reno's will costAll the best 

I answered some of your question in this blog What Rates And Terms Should You Expect From Your Private Lender?

If the interest rates come down, I can transfer the property back to my personal name, refinance, and then transfer the property again to an LLC or trust.Second and most important thing, I would like to get an idea of what type of property to purchase that best suits for STR in Chicago area , near by states like WI or MI also I am fine as long as it is closed to Chicago. 

90% of the GCs you meet through social media or those job sites like Angie list they all stink.