. + your title, escrow, and prepaids. 

Specifically also require "all security deposits or pre-paid rent" be transferred at closing.Since you are (potentially) buying a Condo, be sure you also understand the Condo Docs, including monthly financial reports AND Annual Operating Budget and Reserve Funding Plan.

If it were me, I’d give tenant notice of intent to evict because they lied and sublet then immediately try to negotiate a mutual lease termination with loss of deposit and penalty with enough prepaid future rent to cover the cost of you releasing.  

Lenders fees will vary but you can usually account on origination fee, Appraisal fee, prepaid items for escrow.   

You should see a credit on your settlement statement for deposits and any prepaid rent.

Hey Ashley,Today is your lucky day.I got the perfect note for you to start your new investment career in Ashly.I got a short term, high prepaid interest, safe "green" note jusf for you.$925,000 Property Current Market Value According To The County Tax Roll$600,000 Face Value Of Note (65% LTV)$550,000 Sals Price ($50,000 Discounted Sale Price)8% Is The Annual Interest Only RateOne (1) Year Term Of Note$ 48,000 In Prepaid Interest At The Close Of Escrow (Total Annual Interest Owed)6,900 SF Of Living SpaceProperty Sits Of 5 AcresProperty Is In Immaculate ConditionScheduled Closing Date Is 6/5/2015Don't miss out [email protected]

They will give you either builders risk or vacant property coverage on a monthly premium rather than those pre-paid policies that you find elsewhere.

Update: Received GFE from the broker which request "Prepaid Items/Reserves" of $2.8k!!

Here are the details:Option 1:Purchase price:  $37,000Down payment: $7,400Closing costs with 30 year mortgage: $2743 plus $987 pre paid costs due at closing (tried to negotiate some of the origination fees but the bank wouldn't budge one penny)Monthly payment with 30 year:  $272.72Interest rate:  4.5%Option 2:5 year balloon amortized over 15 yearsSame purchase price and down paymentClosing costs:  $1527 with no escrow so no pre-paid costs up frontMonthly payment:  $327 (including insurance and taxes that will be paid separately)Interest rate:  4.75%The bank only charges a $350 renewal fee at the end of the 5 yearsMonthly rent after management will be between 585 and 630. 

Everything else appears to be there, whether they are accurate (such as prepaids) or not I have no clue, but at least he has something there so Im just taking the assumption he is being honest.