on my commercial bank loans they generally  allow 20% of the loan pre paid in anyone year without penalty. but you do have to negotiate it .. and if you refi with the same lender early they waive it.. but again this is an up front negotiation at least with the banks I get commercial funding from

My down payment will be just as much as he still owes on the property, some small expenses, and maybe some prepaid taxes.

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

I was prepaid 1st 6 months of interest. 8 months have passed and no additional payments have been received.

Check to X and I would even tell them you would send them a prepaid envelope usps priority mail

., you are capitalized at something like 250k and somehow got loans on the other 3.2-3.4MM For ease of the maths: If at the start you were to take your 200k and put down payments on 1MM worth of property (assuming zero closing costs, prepaid escrows, etc.)... you're tapped out. 

Interest rate on both vehicles would have to be {near} identical or the amortized, fixed rate note would need to be at a higher rate than the LoC.In my above post I mentioned the "borrowed lump-sum" approach being necessary if the terms of your mortgage note were such that it could only be prepaid on its anniversary {don't know if such notes still exist}.  

I think using a deposit model where they can get some those prepaid rate back upon closing is a good way to induce commitment.   

Always double check prepaid rents that get transferred at closing.

It also affirmatively states the tenant has not prepaid any rent except the current month, including any type of "last month's rent in advance."