Here is the specific section @Jonathan Klemm referenced up top:SECURITY DEPOSITS AND PREPAID RENT {MUN.

You are still stuck with all of your money in the project and you would have to add money to cover the remainder of the purchase, pre-paids, closing costs (x2), etc. 

@Teague AndersonI am not a lender or anything, just a regular person but in my experience yeah it is all a numbers game.In my experience that 20k of rehab costs must be prepaid into the loan to appear on the HUD.

But with a commercial loan, it's more common.If it's a residential 1st mortgage, you could probably do a seller assist, it depends on what prepaids the mortgage company will allow them to assist you, it's usually 6% or less.

I build then lease student housing near a local university in East Texas. Unfortunately that university accepted those silly internet based service dog letters. When these kids come out of the dorms to find a new apar...

We started with Cozy, and then switched or were switched  to Apartments.com.No issues so far,If tenants use debit card, or ACH, they pay a fee 2 1/2% I think.

When purchasing your new home, again, expect to pay half of the transfer tax and fees owed to your new lender and/or mortgage broker, title agent, and any brokerage fee to your real estate agent's firm, and prepaid interest and escrows for yearly taxes.

Ideally the account would have credit/debit card ability for things like trips to home depot etc!

TenantCloud says they offer free rent payment, but its only using a debit or credit card and either you or you tenant is going to pay a hefty fee for that. 

Need to operate from its own bank account, credit/debit cards if any, contracts, etc.