get their ledger to make sure they are paying on time, get an estopped certificate, make sure you get the move-in checklist from the seller, the security deposit (and any prorated or prepaid rent) should transfer to you at closing.

So, you'll need cash on hand to cover the difference, usually call the "money down," and additional cash to cover the closing costs and prepaids.  

(If they go on a rant about their current landlord being a slumlord, with everything broken and mold and such, just know that you, if you rent to them, will be called the next slumlord.)Personally, when I was renting apartments in philadelphia for a company, we accepted a international student who prepaid 12mo because she had no credit or income to qualify for the apartment.

Buyer owed $100k purchase, plus $350 appraisal, plus $1000 for prepaid taxes/insurance, plus $3,000 is closing assistance from seller, minus $200 for pro-rated taxes, minus $80,000 coming from the bank as a loan.

Your second account is your savings/trust/escrow where you keep deposits/prepaid rent.  

That includes my last coaching renewal - I prepaid a year at $6,000 in February 2021.

It is 12/30/2021 do you have any cool prepaid leasing options?  

Yes your rehab costs, loan interest, closing cost (not the prepaids all go towards increasing your cost basis. 

Closing costs include items like appraisal fees, transfer taxes, lender fees, prepaid taxes and insurance, etc; if you get the seller to pay some or all of these it saves you money up front vs saving you money over the term of your loan. 

Prepaids$772.3001 Homeowner’s Insurance Premium (12 mo.) to$424.0002 Mortgage Insurance Premium ( mo.) to03 Prepaid Interest ($23.22 per day from 9/16/22 to 10/1/22)$348.3004 Property Taxes (0 mo.) to COOK COUNTY TAX COLLECTOR$42.125G.