Listed at 279,000Negotiated to 240,000 w/ 10k from sellers toward my prepaid and closingVa loan 3.6percent no funding fee no pmi Owner occupy Owners are 4 heirs none live in area and don't get along they want it gone 2x2bed 1bath current rent 825 market rent 1000-12002x1bed 1bath current rent 425 market 550-750Needs 15-20k in work overestimating which I have in cash Mortgage payment roughly 1800 including escrow I will occupy one of the 2beds Break those personal calculators out of love to hear I did well or I suck and should run for the hills haha if there is anything else needed or I missed let me know wrote post with phone as I'm a firefighter on duty.

Current tenant is wondering what happened to their pre-paid last month's rent, and rightfully so, doesn't want to pay it again!

On our primary, which we planning on keeping for 20 years now (kids), we did a 5% conventional loan and prepaid the PMI.

@Gerrett is spot on :)  In your offer, be sure to statepersonal property, eg: all existing furniture and fixtures are included in the saleexisting leases are to continue enforcethe current owner is to require all tenant to complete a statement of all oral or written promises made to them, and which fixtures if any belong to them and then to be sent directly to the purchaser upon acceptance of the offer.security deposits are to be transferred to the purchaser at close of escrowany prepaid property tax accounts are to be assigned to the purchaser

The landlord shall thereafter notify the tenant by personal delivery or by first-class mail, postage prepaid, of the transfer, of any claims made against the security, of the amount of the security deposited, and of the names of the successors in interest, their address, and their telephone number.

If I prepaid 6 months of payments in advance (and negotiated a prepayment discount), I could establish a little bit of a track record up front.  

Your lender should be giving you an estimation of lender, title, closing, and prepaid fees.  

Therefore, any prepaid fundsheld to secure future rents are considered to be a part of the security deposit.

Points are pre paid interest and do not apply to loans funded by equity, nor can a PPP be effective with an equity based loan.....seller financing. 

I ask because we are in the process of a cash out refi on an investment property with closing costs of about $2400(I exclude prepaid interest and funds for an escrow account).