There is a quarterly adjustment to the prepaid utilities.  

I have capital lined up to buy properties, but I am in need of a partner to help get the first deal off the ground, meaning someone who's willing to put up the down payment and prepaid interest.  

Prior to the call have the reports send out to you - this can be achieved via virtually any property management software these days by selecting an existing report or creating a custom one and setting up a frequency of the report being sent to your email.The reports should include rent rolls, income statement, balance sheet, general ledger, accounts receivable (rents received and/or pre-paid), as well as monthly bank statements reconciled against your property management account.2) As for which ones are the most critical ones, it depends  when you have purchased the property and where you're at from a re-positioning stand point and how many units (percentage-wise have been turned around).

You can use your $10k for FHA 3% down, negotiate with seller to pay up to 6% of purchase price towards closing cost, prepaids & propery tax & ins escrow.

I am working on adding credit card payments as an option because several of my tenants have the prepaid cards that their pay is direct deposited to and they have requested this payment option.

yes you can change later, but pre-paids are going to hurt at closing.

Unnecessary but highly desirable would be the ability to automate monthly transactions for items such as prepaid insurance, prepaid taxes, depreciation expenses.Thanks all for your help!

This was actually the first year I have ever posted a profit, but we had a few wonky things like prepaid rent and not alot of vacancies.

Actually have about 100 dollar prepaid balance on them.

Several pluses in having the take out loan set just waiting for the qualified buyer.As to points: Again, points are prepaid interest, private lenders are not HMLs, they are not in the business, they are not registered lenders or regulated per se and most states limit points, if allowed at all, points are still computed and applied to any usury limit.