No need for any sort of pre-paid legal. 

These are the amounts COLLECTED & UNCOLLECTEDThe percentages of rent are as follows:Jerry-32% - 10 days for AugustNik-68% - 21 days for AugustTo Nik (CURRENT OWNER)-$505-1767 #8$520- 1566 #5$250- 1588 #8$1275 x .68 = $867 + ($176 pre paid rent from 1767 #12) = Total of $1,043 due to NikTo JOHN DOE THE PREVIOUS OWNER:$200- R Smith$200- W Jack$490- J Hab$90- Kyley D$305- Lyn H$415- Harm W$250- Ra P$500- Vicky $100- Rin Mo$2550 x .32 = $816 + ($120 for Vic Wi /July Rent) = $936Uncollected Rents for August-$65- Ro Smit$285- Wi Jac$10- Ai Pi$5- Vic Wi$300- Est Mo$665 x .32 = $213 due to John DoeDue to John Doe (previous owner) - $936 + $213 = $1,149Due to Nik (current owner) - $1,043Difference due to John Doe= $106-------------------------------------------------------HERE IS MY ANALYSIS ON THE PRO-RATIONS: *(my response I had sent over to the previous owner)Settlement : Nik is owed $227.00 --------------------- Nik's owed total = $1043.00 $505 + John Doe Collected $520 + John Doe Collected $250 + John Doe Collected --------- = $867 (68%) + $88 + $88 = PrePaid Rent Payment ($176) = $1043.00 John Doe is owed $2550 (see above for figures) x .32 = $816 Vic Wi $120 - is ours on the assumption we could have applied that to Septembers rent.

I have seen a few people on here mention they have PrePaid legal.

If you do accept them perhaps collect additional security deposit or prepaid rent to help mitigate the risk (not sure what the laws are in CO regarding max sec deps).Who knows, they may be long term tenants as you know it is unlikely they will be buying a house anytime soon.

I think if you think you want to use debit/credit cards the vendor is going to charge you the 3% or some high fee you probably don't want to pay.   

A scam in LA CA area is to squat in a house that is foreclosed on and forge a 5 year lease at a very low price and say it is totally prepaid for those 5 years! 

But, setting up auto-debiting from one of your accounts is. 

Prepaids - Most of these make sense but:8.)

Subtract it from any security deposit or prepaid rent.This is why I don't accept tenants that want to pay a year upfront.

Long term it's a quality deal that gives you prepaid time to places all over the world and you can leave it to the kids.