So, if you paid 100k, and the appraisal is 150k with 5k in closing costs/pre-paids you could borrow 105k max. 

They/she is to vacate in 11 days, as such we will return her/their prorated prepaid rent money. 

The terms on the loan:Investment: $150kTerm: 6 monthsInterest: 20% Prepayment: Minimum of 6 months interest (e.g. if prepaid after 2 months, receive additional 4 months interest)The investor will receive $3 for each patient billed monthly by the Telehealth department for the next 10 years (after the $150k is paid back to the investor in the first 6 months).

They get paid on prepaid debit card.. 

Their original quote also only had 2 months of prepaid taxes and the final quote has 7 months of taxes and this also added another 2k.

See my other post today for more history on this property, but my offer was accepted with 4k credit from seller towards closing and pre-paids.

Original cash purchase price plus all financing fees (closing costs and prepaid items).I'll be interested to hear how this goes for you.

I have been trying to do it "right" and use accrual, but thinking I may be making things harder than they need to be.Even with just a handful of properties, things are quickly spinning out of control with journal entries for accruing property taxes monthly (paid at the end of the year) and insurance (usually pre-paid and then expensed out monthly, but each property seems to be a little bit different).

They allow as much as 3% of the closing costs and prepaid taxes to be paid by the seller.

Closing costs are the sum of loan costs, Buyer's half of title/escrow fees & prepaids for taxes & insurance.