Excellent customer service, you have the choice of a tenant being auto-debited every month or they can just make the monthly payment by clicking a few buttons.

Income - but then, is that really considered income or is it really classified prepaid taxes - thus essentially lowering my property tax deduction by $1000?

I use Paypal to request funds from tenants that do not already have their own ACH solution; some of them already have a pay-out service via Chase Quickpay, Capital One P2P, or old-school auto-ACH via their bank.For tenants that setup their own ACH through their bank, they pay their normal rent; for those use Paypal for debit/credit card to pay rent, they get a processing fee added to their rent balance.

That sounds risky.At the same time, that same clause says YOU can cancel before moving in and the Landlord will refund your deposit, your pre-paid rent, and anything else.If either of you fails to follow through, there's no penalty and you both walk away. 

Tenant was PhD student at ASU with wealthy dad who prepaid rent each year.  

Definitely dont do prepaid 6 months, that doesn't tell you if she can manage the monthly demand.If the inspection is good do M2M or an annual renewal.

You would record an asset "Assignment Fee Receivable" for a debit of $5800, then a credit to revenue of "Assignment Fee Revenue." 

Sometimes this works.Cut ALL expenses down to maybe a prepaid phone and a cheap van to live in. 

What works in Springfiled or Rockford WILL NOT work in Cook County.Get a pre-paid legal insurance plan like LegalShield.

My next one will be $97k cash out (actually just a rate & term refi to my entity I 'borrowed' from) and will only cost $2900 In lending fees (lenders insurance & appraisal mostly), net of pre-paids.