I have seen a few people on here mention they have PrePaid legal.

Then during the "preview" provide some incentives: 3m mortgage prepaid, vacation weekend, membership to local club (fitness/golf), 1 yr home cleaning svc, furniture rebate, etc for anyone placing an offer on Monday when it comes on the market.This would get some attention and also some notoriety.TTFN,Greg

Has anyone used any type of prepaid internet?

You don't want tenants claiming after the sale to have prepaid rent, owned the appliances or that he had some other agreement with the prior owners.

My experience with the low end rentals, is most don't have a bank account, they use prepaid debit cards and mostly cash.

Make sure you put at least $200 every month as a pre-paid expense in this bucket.  

that is common with fha. pre-paids are quite high. what is realy ridiculous to me is this is even if you try to do a streamline fha refi with even perfect credit.

There are lots of reasons to not accept pre-paid rent, but I have to admit, that's a new one to me.The rent isn't really your money until it's due.

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. 

The majority of your closing costs are based on a percentage of your loan amount and in most cases, 52-55% of those are for pre-paids for insurance, taxes and interest.