Buying Subject to the sellers financing staying in place ( very little competition with this in our area ) Master Leasing, Options, Lease Options, Highest Bidder Sales, Wrap Loans, and How to structure Seller Financing terms that benefit sellers.

Old landlords like the monthly and tax benefits of that sometimes. 

I would recommend looking into either a longer term loan such as 30 years or an adjustable rate mortgage (ARM).

As an added benefit, you are less likely to get sued if you have a mortgage. 

Shorter terms, adjustable and callable, waking you up from your nap to report your financials every year. 

With that being said, I am looking into getting an umbrella insurance for added protection.So my question is, are there any additional benefits of having a LLC manage the property?

I don't mean to be rude, but what benefit does a realtor have working with a wholesaler, if the whole business model depends on you not ever actually closing on a property?

For me, 5/1 is long.Floating means your rate is adjustable.

That $18.5 thus would represent tapping into the equity that has been added. 5) The major benefit would be being able to reduce one's HELOC balance greatly almost immediately, and to also soon thereafter take advantage of borrowing on the equity that has been created. 

My 2 cents as a Commercial Broker - I sell MUF property to and for investors.You don't need a agent to represent you if you can trust the Listing Agent will be honest with you.If you don't know the listing agent it would be in your benefit to have someone on your side to protect your interest.