I also recommend you have your buyer bring a 1 year pre-paid insurance policy to the closing table which would replace the existing insurance.

To "protect the tenants", the maximum deposit amount a landlord can charge is two months of rent where a prepaid rent is considered deposit.

Most properties are using prepaid cards for laundry, leasing / or lease to own, machines from laundry company and then the upkeep is their problem.

Be sure to include any improvements you made since your purchase, closing costs (excluding prepaids) and any special assessments since you have owned the condo.  

Hello,When plugging in #s into the "purchase closing cost" section of the BP rental calculator, you can click the "cost breakdown" link on it to plug in specific components (e.g. points, taxes, hazard insurance, etc.).The loan quotes I've received all include 12 months of prepaid hazard insurance.

Prepaid cell phone and number that you can turn off or forward after hours?

Luckily both tenants vacated and I didn’t need to pursue an eviction with the constable, although I prepaid for it just in case...FYI - you can fill out all the paperwork on line as well.If you would like any help or other information, PM me.  

10% is too big of a discount for me even with the prepaid rent.  

Thanks The Buyer shall not be allowed, under any circumstance, to receive funds from the closing that exceed the amount ofthe earnest money plus prepaid deposits paid by the Buyer.

This was negotiated down from the $565k asking (it was flat out over priced).The seller covered all closing costs, reimbursed all of our prepaid items (appraisal, home inspection, land survey, etc.), and covered some of our first year expenses (insurance, termite re-treatment and warranty).THE INCOME - $3820/month3/4 units is currently renting at $910.