Yes, I've never had this situation, and it seems as though the would-be renter somehow thinks I find the idea of prepaid rent appealing enough for me to drop the rent price.

There's no way I would ever accept "prepaid" rent, lots of reasons.

You can add closing cost and prepaid but not cash out.

@Stephanie GarciaDelayed Financing ExceptionA cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not 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 (subject to the maximum LTV). 1.

I always let people pay with zelle and other ways but with the upcoming rules on 1099k reporting by third party vendors like zelle and apartments.com how do you manage the pre-paids? 

Hi Account Closed - the closing costs amount seems a little high to me (even if that includes prepaids) if this is a conventional loan.

The state Realtor association has a fine legal hotline, whose advice I bounce off of the advice from the excellent Prepaid Legal attorneys.Sharon gives outstanding advice on this topic.

One of the contingencies is that I agree to pay up to 3.5% in closing costs and prepaid items.

If the rental agreement is terminated under this subsection (g), the landlord shall return all security and all prepaid rent in accordance with Section 5-12-080(d).

Local lenders are usually full-recourse, but can be prepaid early.