This is considered pre-paid rent, and it can not be disbursed to you for future months.  

Prepaid Legal maybe?

With the delayed financing I was able to get a loan for $73.6K (includes rolling in closing costs, prepaids, etc.) with conventional financing @ 30 year, 4.5%.I will collect ~$3,800 in rent before my first payment.

There are valid reasons to choose any of the above options, depending on how long you plan to have the loan for.Now $4500 to $6300 sounds really high, which leads me to believe that either you would be paying points, that those include escrows and prepaids, or that you are getting hosed. 

Specifically the security deposit and prepaid rent portion.The security deposit, including any prepaid rent cannot exceed 1.5 times the rental amount.

You got about $4800 in prepaid S and state taxes, E, F, G and your lender has no control over that.

Pay 2 years down, and have them deduct say %15 for doing so say -$21,000.A few thoughtsPersonally as a landlord I don't want the money prepaid as many states their is a legal issue.

This is the former Pre-Paid Legal company.

However, I do use prepaid CPA services and have been very happy with the result, in addition to calling the IRS line when needed, and using turbo tax.

If I have to give them a check for earnest money or option money, I send it with the contract and a prepaid and addressed express mail envelope.If I am going to give all checks to a local title company, I might e-mail them the contract and have them sign and send it via FedEx or USPS Express Mail.