What or how would you compensate that person?

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.

the Prop mgmt contract - 14.  ... 

Lock the seller up on a contract and then take it to a bank? 

Seek did however manage to aquire one $14,000 personal credit card.

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. 

If by "standard" you mean the Pennsylvania Association of Realtors contract.......you can not use that.

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 would have everything outlined ahead of time in a written contract.

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