The loan costs were 4%, a $450 processing fee for a total of about 18K not counting third party fees at closing (title fees, prepaid interest, taxes, hazard insurance).  

I use a Netspend account (prepaid credit card) as it has a high yield savings account attached to it.

There are pre paid legal plans available that make talking to an attorney very affordable.

I was just hoping somebody would have some insight into this process and maybe some words of wisdom so that I can protect myself against upcoming renters that have their rent prepaid and deposit taken care of.

Buyer’s closing costs shall be prepaid as a portion of the Option Fee; and closing costs will be paid as defined in Exhibit A.

"RCW 59.18.352Threatening behavior by tenant—Termination of agreement—Written notice—Financial obligations.If a tenant notifies the landlord that he or she, or another tenant who shares that particular dwelling unit has been threatened by another tenant, and:(1) The threat was made with a firearm or other deadly weapon as defined in RCW 9A.04.110; and(2) The tenant who made the threat is arrested as a result of the threatening behavior; and(3) The landlord fails to file an unlawful detainer action against the tenant who threatened another tenant within seven calendar days after receiving notice of the arrest from a law enforcement agency;then the tenant who was threatened may terminate the rental agreement and quit the premises upon written notice to the landlord without further obligation under the rental agreement.A tenant who terminates a rental agreement under this section is discharged from payment of rent for any period following the quitting date, and is entitled to a pro rata refund of any prepaid rent, and shall receive a full and specific statement of the basis for retaining any of the deposit together with any refund due in accordance with RCW 59.18.280.Nothing in this section shall be construed to require a landlord to terminate a rental agreement or file an unlawful detainer action."

for a primary residence LTV is 80% cash out refinance80% of 105,000 is $84,000 cash out amount (minus closing costs)If for example you paid 50k cash and 55k heloc to pay for it, then that would result in us first paying off the 55k heloc, and leaving $29k and a zero balance on the HELOC"The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value)."

And, just like any normal homeowner's policy, the prepaid premiums are refundable when the policy is canceled.

This would entail your reimbursing their prepaid rent, deposit and likely additional amounts such as moving expenses and utility deposit at the very least.This would mean that YOU are out of money.What is so bad that you want to end this relationship?

But, you can collect all the prepaid rent warranted and able.