There are various leasing products including prepaid leases.

. $3k +- loss is a lot of pre paid education.

The multiple accounts actually helps you keep your books straight, makes it easy when you have partners, and with debit cards and EFT's, I don't have any checks to write...ever.As far as the paper trail is concerned, look at it like this.  

Here's what I would say:- Increase purchase price and ask seller to cover closing costs- Take higher interest rate for a Lender Credit- Keep current interest rate and ask Lender to come down in price (many Lenders have wiggle room to come down in fees/points; or add a lender credit)- Decrease down payment if your DTI allows it, and you aren't at the minimum required investment already-  Remove Escrow/impound account if you qualify so you don't have to come in with prepaids and reservesBest of luck to you!

Hey all, Hope we are all staying wellI am working to refi my FHA loan on a Triplex, our first and only rental located just outside Sacramento, CaThe plus side is that we'll be getting a better interest rate and our payment will go down $325, but that isn't quite the primary concern.The concern is that we are rolling 9k in Prepaid PMI to the balance plus I think we'll see values come down a bit which will kill our LTV which is sitting at about 80% right now.The goal is to be in a position 8 to 15 months from now to buy our next 1-4 unit property to fix and rent.

When I reminded her that she could actually pay rent online with either a credit card, debit card, savings or checking bank account, she shared that she had to move funds from one account to another. 

I would also need to have about 6 months reserves saved in an account (in the event any repairs should be needed or something unfortunate were to happen), and would need about 2-4% of the Loan Amount for Prepaids (Property Taxes, Hazard Insurance, etc.) and Closing Costs (Title Commitment, Attorney Fees, Application Fee, etc.)....I do not have the extra 2-4% of the loan to afford this. 2: The pricing on an investment property would likely be in the 7% range.

I would recommend getting their debit card as well.

. + your title, escrow, and prepaids. 

Specifically also require "all security deposits or pre-paid rent" be transferred at closing.Since you are (potentially) buying a Condo, be sure you also understand the Condo Docs, including monthly financial reports AND Annual Operating Budget and Reserve Funding Plan.