Institutional or registered lenders are often exempt from usury laws, individual, unregistered, private lenders are usually not exempt, check your state usury laws.Paying any fee to obtain a loan is considered points, points are pre-paid interest, points are paid to institutional or registered lenders, not individuals. 

If you expect to stay in the same state and you have a pre-paid plan available, I would put at least part of my funds towards that.  4 years is probably going overboard, but 2 or 3 per child would be pretty reasonable.  

In that case, ask for pre-paid PMI.

Setting up a new tenant is a breeze and feedback from my tenants have all been very positive.Tenants pay a 2.75% free when using a debit/credit-card ... however when linking it directly to their checking account, it is absolutely free.Plus there is an automated summary dashboard provides the status of payments. 

I hope your lease says that it is null and void in the case of any prepaid funds being insufficient.

I've had some collect 3 months and another collect 6.So I believe 2 things would have happened at closing, prorate of sellers prepaid taxes (back to them) and the collection of the buyers future taxes for escrow.

Complex's nearby have a vacancy of about 9%.Gross Scheduled Income: $2,414,064Loss to Lease: ($13,340)Gross potentail Income: $2,400,724Vacancy Loss: ($518,886)Rent Concession: ($147,515)Delinquencies/Bad Debit: ($157,515)Total Vacancy Loss: ($1,093,187)Net Rental Income:$1,307,537Utility Charges: $32,201Late Fees $58,409Applicatiion Fees: $8,705Misc.

@Sharon PowellFor our auto debit rent payments we use rentpayment dot com.

Please also verify the accuracy of this information at the time you are considering these options as guidelines change.price Decorating allowancesRepair allowancesMoving costsNote—a dollar for dollar sales price reduction is also required for - Excess rent credit and gift funds not meeting FHA requirements Contributions exceeding the actual cost of prepaid expenses, discount points and other financing concessions Credit Requirements Required is 600.

Only use the debit/credit card connected for that account on your projects