They even give you a 2-Day Fedex prepaid envelope to send back. 

The Confession of Judgment states that they owe the full amount of money (past due rent, late fees, last 6 months of lease prepaid rent) even if they are evicted and aren't actually residents for the last 6 months of the lease. 

, ask for mitigation - double security deposit and/or prepaid last month(s) rent.

Yes, you end up paying for this in the prorations and prepaids, but if the property is cash flowing then you get to carve out more longitudinal margin and build up a little extra cushion by collecting rents on the first of the subsequent month without the cash outflow of a PITI payment.2.

I'm a newbie in Michigan and property here requires, so far as I've been told, 13 months of prepaid taxes.

Your contract makes it appear as if the tenant pre-paid a year's worth of rent increase at $750 so they could demand you return the unused portion.It would be far easier to just write up an agreement that says the tenant is paying $9,000 towards the cost of a new garage and that the garage will be your property and remain  your property, even after the tenant departs.

Some companies offer prepaid leases, where you pay all 20yrs payments up front (for a generous discount). 

Account Closed I am closing in two weeks on a property that costs $197K and my closing costs are $2169.75 plus prepaid costs of $2200.

Typically rent is not earned until the month it is due, so should be retained in a prepaid account, and/or accounted for as unearned revenue until the month it is earned.

The settlement charges consist of 2 main categories: closing costs and prepaid/escrow items.