It specifies among other things:- monthly rent amount- amount security deposit posted, pet deposit posted- who owns the appliances- who pays which utilitiesIf you don't have this information in writing, then the tenants could claim that there's a $500k security deposit and rent has been prepaid for 50 years and all appliances are owned by the tenant.The escrow company reviews these estoppels and totals the security deposits and credits it to your purchase price.

In AZ, where I am, a Landlord cannot require or hold more than 1.5 times the rental rate in security deposits and/or prepaid rents. 

Purchase price: 90,000Borrower closing costs (including prepaid and intial escrow payments): 5,728.85Discount Points: 675Loan amount: 67,500Other credits (borrower paid fees, earnest money, employer assisted housing, lease purchase fund, lot equity, relocation funds, sweat equity trade equity, other): 1,000Total due from borrower: 96,403.85Less other credits; 1,000cash due: 27, 903.85Looks like closing costs are $5,403.85 on a $67,500 loan.

whats that did they offer over list and then ask for seller pre paid credits for their loan.. virtually every deal I have ever done under 300k the buyer ask for seller credits for Closing costs.how about property taxs? 

  * Ask for 3-6 months prepaid rent upon executing the agreement with monthly rent to be applied to the next month not covered (If agreement starts in May, They'd pay for May/June/July and the rent paid in June would be applied to August, etc). * Require individual tenants sign a liability waiver along with their lease* Require a contract with a professional property management company, or that all maintenance work be completed by a licensed and bonded contractor. * Include language that gives me final approval for any fixtures/appliances that need to be replaced over their tenancy. 

Is it typical to have to pre-paid a full year of insurance on a portfolio loan?

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no 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 on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

If mailed,such notice is effective when mailed addressed to the Member'saddress shown in the Limited Liability Company's current record ofMembers, with postage prepaid.8.06- ActionWithout a Meeting.Any action required or permitted to be taken by the Members by votemay be taken without a meeting on written consent.

These fall into three categories: lender charges, third-party charges, and prepaid items.

.  A landlord must pay interest each year on security deposits (eff. 11-6-86) and prepaid rent (eff. 1-1-92) held more than six months.  The rate of interest that a landlord must pay is set each year by the City Comptroller (eff. 7-1-97)  Before a landlord can deduct expenses for damages from the security deposit, the landlord must provide the tenant with an itemized statement of the damageswithin 30 days of the date the tenant vacates the dwelling unit.