It's not something that can be explained here.

There's a great article on Investopedia that explains how interest rates affect property value which I've found to be generally helpful.

Of course I will explain that the security deposits and all obligations under the existing lease contract will be transferred to the LLC.  

I explained to him briefly about how private lending works.  

I was trying to wrap my head around the 2 % and how I can figure out which percentage applies to my market but now that I was testing the BRRRR Calculator I've gotten more confused, because it explains the rule as being "Income-Expense Ratio" opposed to "Monthly Rental Income-Purchase Price", as I've seen in many places.

This post explains what can happen to the title insurance....https://www.biggerpockets.com/renewsblog/2011/07/0...

The seller explained that there are liens and that he was willing to let it go for the amount to cover the liens.I was able to confirm the liens due with the county so I sent the seller the contract with the amount.Before he is willing to sign it the seller told me that his attorney advised that I call him.

See how the walk through goes and in the mean time meet with your attorney and explain exactly what it is you are trying to do. 

You agent may not know your criteria because you may not have explained it properly. 

Just know that there are many wholesalers in your market so you have many to be available to potential customers and act smarter than most others.I have been reading one of Grant Cardone's books right now about his sucess and he explains that sucess is not limited and massive action will help you.