Also if you have very good banking relationships you might get your local community bank that you have all your accounts with to do a loan..

Pros to my current position: Secure, w2, pay is above average, benefits are stellar, schedule is somewhat flexible (can leave if I need to without penalty; vacation when I want - utilizing banked time on both), 3 miles from home, and hopefully a pension in 17 years. 

The cash in my bank is also just paper until i use it to buy an asset.

There are a few banks that offer lending, but the terms are terrible.

The bank I'm getting the loan from requires insurance to be in place prior to closing.

If you're going for non full documentation loans then there are other methods to qualify as well (rental income/ bank deposits/profit and loss/no income/etc) but these loans have higher rates and costs typically.

Speed of Financing: Time is crucial in fix and flips, and traditional loans (like bank loans) can be too slow.

I am trying to purchase a few properties in bank foreclosures and looking for an affordable way to do a title search.

The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors,  fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.

His info isn't magical or unique....its just packaged by an alpha male boasting over his wealthI think 98% of people that do these seminars never do anything... they fail to follow through on actually taking action, so for most its a waste of $$$