Hold the funds in the account and apply them one month at a time as rent charges are posted.If you are accepting X months of rent in advance, you should have a written lease agreement for that amount of time and I recommend some financial penalty if they elect to leave early.

California, Stockton single family needs a total rehab - Roof, paint, kitchen, bathroom, all rooms, flooring, yard, electric ... you name it.
flexible start ~ Nov - Dec
Looking for a good contractors with a reasona...

You could use the cost seg but elect out of bonus depreciation as an alternative.

I think a lot depends on what Congress decides to do in terms of bailouts (airlines/hospitality, etc), more stimulus checks, and the election. 

That said, I look at the unemployment numbers and underlying reality of our situation, and I see more economic fallout coming after the Presidential election.

Will reach out to you after election

Seller was anxious to sell before the November elections.

This leads to all sorts of market distortions and inefficiencies.Last I heard California is still a democracy so "the politicians" were elected by the people of the state, and are doing what the people want them to do: to perpetuate the endless growth myth of the post-WWII boom, during which California grew on cheap oil, cheap labor, and cheap federal money.

Pam Westhoff, a real estate attorney and Southern California president of NAIOP Inc., the Commercial Real Estate Development Association, launched a diversity task force when she took the reins at the organization.

If it's a rate and term refinance, then you may want to buy down because rates are historically low and who knows where rates will go after the election.