Buying First Rental Properties - Frustrating !

[Rob Bianco]

I'm so close to obtaining 3 properties in my first transaction with my goal to maximize cash flow, but it has been a definite learning curve thus far. My biggest hurdle has been financing; I made the mistake of going with a big bank (because I didn't know any better) and they're digging through all my bank accounts to judge where my down payment is coming from. They will even judge if by using funds from my business checking account if it will be too strenuous on my business. The process has been grueling and I think it's too late to switch to a new lender at this point.

I honestly am considering just buying the best of the properties in cash, going around the bank, taking my cash flow, and over-insuring the property in case of a claim. I'm new to this and I know people say not to buy in cash, but if I can afford to, why not? 

I just feel like I should get something out of this before the seller backs out and next time use leverage with a better lender and game plan now that I've been through the fire.