Sounds completely unnecessary to me. 

They do not view their cash as imposing a negative drain on the property itself.I view cash investors as creative accountants....smoke and mirror profits.

On the other hand, I've been hearing a ton of talk about increasing rents and wishful thinking about rent controls among people who think that imposing rent controls will help them find a cheaper place to rent.

Understanding their procedures will help you avoid unnecessary costs.

The commission may impose a civil penalty of no more than five thousand dollars upon any unlicensed person who, after a hearing or informal resolution in accordance with all provisions of this Chapter and the Administrative Procedure Act, is found to have engaged in real estate activity without the benefit of a currently valid license having been issued by the commission pursuant to the provisions of this Chapter.

Sounds like I might be creating unnecessary complications / overthinking things

It is also unnecessary.

Good advice from Nathan Oberle Why incur unnecessary admin expenses/headaches prior to getting into your first deal?

Make sure you are recepient of full proceeds, there’s no pre payment penalty, read through their definitions and consequences of default, etc. like other said, look out for random unnecessary fees. 

Bogus.The Tax Court correctly ruled that transactions were bogus, that it constituted excess contributions to the Roth, and imposed a tax of about $40,000.The Court’s reasoning is very important to REI.