ACCEPTABLE USES:The following are acceptable uses for cash-out refinance transactions:paying off the unpaid principal balance of the existing first mortgage;financing the payment of closing costs, points, and prepaid items.

In the deal I did, I also prepaid the property taxes.

20% cash down 80% loan Fees: $7,500 Bank Loan Fee Prepayment Premium: 5% in year 1, 4% in year 2,3% in year 3, 2% in year 4, 1% in year 5 in each case on the then principal amount prepaid.

I bought an LLC book from NOLO which had a copy, so I morphed that one and the one the title company gave me and it was acceptable.I signed up for pre-paid legal through legal shield.

secondly, BK  recovery is not difficult for unsecured write-offs;  Apply for prepaid credit cards (they act just like a bank debit card). 

Besides being in the Army, I'm an independent associate with PrePaid Legal Services, inc.

I had $80k in my 401k pulled it all out prepaid the taxes took the penalty and used it on a down payment for 2 triplexes and a duplex.

Seems like too much of an administrative headache to do.Screen your tenants good and try to find someone who you think will keep it clean without needing a prepaid-maid.

Then, after they have moved out and returned possession of the unit to us, we calculate "pre-paid rent" for the days following the actual date they vacated the unit and it becomes a credit on their account.

They will also look at your real estate resume, they will vet your property manager, require one year prepaid insurance, and ask for every possible document from the sellers!