I personally am located and invest in the Colorado Springs metro area and would advise that you may not find many BRRRR opportunities on-market and will have to do some work to find these deals off-market. 

Personally, I think it is paramount to hire a designer to maximize your investment.

Think about when you have taken tests and you are just not sure as several answers seem correct... that's because you read all the answers, wrong ones too.I've done this on three Big test (one being RE Licence) I finish the fastest, the scorer tells me to make sure and take more time, I say I don't need to, then this person tells me I aced the test.You'll thank me.

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.

What or how would you compensate that person?

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. 

If you are educated, you can handle almost every mold issue with tenants.

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.