Prepaid - - that should ring the bell, "Do I INTEND to be or frequently be involved in a law suit?" 

., and the tenant has prepaid the lease.

I'd be inclined to increase the deposit significantly rather than accept prepaid rent.  

I consulted with my pre-paid legal plan attorney (no charge for the consultation) and I appealed the decision to district court.

---the letter has check boxes and I send with a prepaid envelope they can send it back in. vote for my post and PM me if you want a copy of it!

With the required down, closing costs, insurance, and other prepaid expenses, we will be close to the amount we have in the fund.  

Each state is different and it also comes down to just closing costs or pre-paids as well?

So long as it conforms to the loan guidelines, put the clause "Seller is to contribute X dollars towards Buyer's pre-paids and closing costs," and then negotiate a higher sales price so the seller nets the same amount, but you basically wrapped the costs into the loan. 

You can probably get this pricing with no points and 3200 or less in closing costs and plus your prepaid tax, insurance, and interest.- go commercial/portfolio financing and you can keep it in your LLC's name but you'll still have to personally guarantee the note, you'll have rates that are a bit higher usually 4.75% - 6.00% depending on the bank in your region or community and your terms will probably be 20-25 Amortization (some are 30 yr AM but rare) and your terms will probably be 5-10 years meaning after this period you will have to refinance, sell, or payoff the note.

Delayed Financing ExceptionA cash-out refinance within 6 months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not more than the actual documented amount of the borrower’s initial investment in purchasing the property, plus the financing of closing costs, prepaid fees, and points (subject to the maximum LTV). 1.