Be sure to check your actual closing costs (not the prepaids / escrows). 

You need to separate out the "escrows / prepaids" and your actual "costs." 

Since then I manage it like a regular bank account when I have check, debit card, including I pay any service and have interests.2) The SDIRA without LLC, the custodian charges fee for every bill, such as a HOA which should give us an option I pay online but the custodian quickly paid and charge a fee.

A couple of weeks later, the check is found to be fake and your bank debits it back out of your account.

So, we can lend up to 156,750 as that is 75% of 209k.  150k was the purchase price plus 6750 of closing costs and pre-paids into the loan.   

I do want to talk to a LOCAL attorney about this because i've used pre-paid legal shield and they couldn't even give me a straight answer!!

The only good debit is income producing debt, so yes I am on board with financing rental properties.

As well as maybe a prepaid expense account, for example you may pay an insurance in full and then need to amortize over the month it covers.

You need 2 business accounts, one operating account and one escrow account.Deposits are not your money, pre-paid rent should be recognized as received on a cash basis with it being a liability until the rent is realized.

Every dollar you spend with cash or a debit card is a missed opportunity!