just having a large liability insurance and a personal umbrella policy?

He is overbidding by an insane amount and still losing properties, usually to cash offers.I haven't done research into this for personal real estate purchases so looking for some pros/cons here from my idea.Can you take out a hard money loan to make a cash offer on a personal home.

I'd be alright with a $4k security deposit and only do 1 month's rent personally, but the fact that they're haggling with you about it would be a red flag for me. 

Obviously, a rational person isn't going to spend every dollar in the business account and would be pointless to let all cashflow sit in cash at a bank and never make any money personally.If you have any information to share, that would be appreciated.

I personally have 12-doors there and focused on the BRRRR method when I was building my portfolio.

Once you get it, look up the process for filing a temporary restraining order against that person / those persons, and do it. 

Should the person connecting these two get a fee?

Personally I would rather buy a rental property over a personal residence because I want something that can potentially give me cash flow every single month over a liability.

It could be that the property had the lower level finished since the last appraisal was done, but the only way to get this confirmed is to have a licensed appraiser go out and assess the property in person.

Hello Arnold, I personally used my 401k to buy my home back in 2017 so I know from experience its a pretty easy process.