Bossier partner managed property and repairs while we managed business structure and banking account setup.

It is investment banking, so the rules are much different than your "normal" lenders who offer mortgages or loans to cover a single or portfolio of collateral. 

.- Depends on what you're doing specifically, but usually I'd recommend getting an EIN at least to give access to business bank accounts- Repeating #1, if you're going to a property and 100% of your time is spent doing renovations and the like, sure, but if any of it is for personal benefit, that'd be disallowed.

And assuming a 0% return on the $200k you could have in the bank earning $10k/year if you sold. 

Hard money lenders are much more like banks and come with many restrictions, requirements, due diligence, fees, etc.

I've even been sitting in a bank struggling to get my LLC set and called my senior advisor attorney who called me back immediately to help out. 

Bank How did you add value to the deal?

In particular, the ability to auto-sync and categorize bank transactions (similar to Stessa), easily track expenses against budgets, and streamline lease creation with lease templates is quite nice.

@Glenn Banks ok can you tell me more about it?

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.