If they paid you by check you have their bank and account number that you can have your attorney try and garnish.

I started the opposite also..From mortgage banking and got my RE license just for personal transactions in 2010.

I also know that this strategy is often used to leverage available cash for multiple deals.However, as a new investor, I've decided to focus on purchasing one property at a time and go through the learning process until I complete a refinance.Only after receiving the funds from the bank would I consider rolling into another deal or multiple deals.In this situation, do you think it's better to still take the 80% loan from a hard money lender, or should I use the cash I have and purchase the property outright?

Although if really needed, you could borrow against 401k, up to $50,000, not to exceed 50% of balance. 3) You have less money in your bank account for real estate, and instead held in a retirement account that only allows for stock market based investments. 

@Jamie Banks What recent news from Zeus?

Also talk to the bank to find out what you can borrow for a mortgage.Don't over extend yourself.Don't buy the cheapest place, think long term-buy in a good area. 

-The cash in the bank helps and it doesn't help.

Based on my knowledge of the market and similar properties I think these are at, or near, 2X market rent.I've use a traditional bank to finance the purchase of each of these buildings - using a traditional commercial real estate loan.

I saw from a young age that, if you want something, you could just get money from the bank.

The downside of trying to get a mortgage after you have a rental is that you can't walk into any bank because they do not understand how to calculate DTI correctly.