Some banks have high interest savings/checking accounts where if you use your debit card attached to that account a few times a month and/or have autopay attached to that account (for monthly things like your cell phone bill, cable bill, etc.) you get a much higher interest rate than a typical savings account. 

Locally we only have one municipality that has a landlord-secured utility and it also has a prepaid option, so it is easily offset.I'll be curious to see what comes of this. 

That number does not include any Seller Credit or earnest money that you may put down.Based on the pre-qualification in this email your estimated Pre-Paid Escrows (taxes and insurance) is $2720.09_.YOU ARE ALSO PREAPPROVED FOR 5,OOO DOWNPAYMENT ASSISTANCE.SECOND PREAPPROVAL (CREDIT UNION)Please note the payments below do not include home owners insurance or real estate taxes as we do not offer escrow accounts.100% financing – 1st mortgage $160,000 30 years rate 3.75% payment of $740.98, 2nd mortgage $40,000 10 years rate 6.0% payment of $444.09.3% down payment $ 7500, Purchase price $250,000 1st mortgage $242,500 rate 3.125% payment $1038.81 + $155.60 = $1194.40THIRD PREAPPROVAL (PRIVATE LENDER)GEORGIA DREAMLoan Amount: $245,471.00 Interest Rate: 3.250%Purchase Price: $250,000.00 APR: 4.451%Estimated Value: $250,000.00 LTV/CLTV: 96.500% / 98.500%2nd Mortgage Amount: $5,000.00 Amortization: FixedLoan Term: 360 Months Loan Type: FHATotal Costs $264,261.44 Total Credits $259,471.00Estimated Cash From/To Borrower: $4,790.44Down Payment: $3,750.00FHALoan Amount: $245,471.00 Interest Rate: 2.750%Purchase Price: $250,000.00 APR: 3.890%Estimated Value: $250,000.00 LTV/CLTV: 96.500% / 96.500%2nd Mortgage Amount: $0.00 Amortization: FixedLoan Term: 360 Months Loan Type: FHATotal Costs $263,021.00 Total Credits $255,471.00Estimated Cash From/To Borrower: $7,550.00Down Payment: $8,750.00Thank you 

Have a tenant on disability that receives benefits on a debit card.

. * I require all tenants to pay via auto-debit / ACH

Otherwise your biggest expense in the closing costs and prepaid expenses categories are:Taxes - prepaid monthsHomeowners - Insurance prepaid monthsTitle insuranceTitle costs (closing fees, etc)Taxes are a bit non-negotiable, so don't waste your time there.  

Can I have an investment property loan after already living in primary residence that I own or would that affect the debit to income ratio to qualify for investment property loan?

Do I treat this as a prepayment or escrow type account, crediting cash and debiting the prepay? 

I have it set up for the discounted amount as the total due and then if they miss that date I apply an extra debit for the loss of the on-time payment discount.

Its checkbook/debit card based so we manage all of the financials, as the trustees.