Hint: the “balance” on the amortization schedule should match the UPB purchased (excluding late fees, and any other funds owed outside the actual note) AND be the line item with the correct number of payments remaining.Using that line on the amortization schedule, complete the deposit in QB with the following entry:Recognize the reduction in the asset (the account/class/whatever QB calls it noted in the purchase noted previously) by the principal amount shown on the amortization schedule,recognize the interest income using the same line on the amortization schedule to a new and separate account “123 Anywhere St Interest income”,the remaining is “gain on payment receipt” of the note and should be recorded in a new and separate account “123 Anywhere St Gain on monthly pmt rec’d”The bookkeeping entry isDebit cashCredit the other accounts noted above.If debits and credits don’t equal, an error in the entry must be resolved. 

It's more customary for a seller to pay buyer's costs, except pre-paids, taxes, insurance, PMI on a loan, per diem interest and loan fees required.Deed fee?

I also have a tenant that pays 3-5 days late every time, but she always pays the $50 late fee, so I am OK with that.Just FYI--your military tenant can set up direct debit to you right from his paycheck.

...Hazard fee is most likely your property insurance, pre-paid for some initial term (my guess is one year).Origination charges are the charges the lender is passing along to produce the loan.

I was able to call the Tax Collectors office and find out that they are expecting the official list to be available later this month, (exact time is unknown) and that they now accept major credit and debit cards.

As a precaution, he offered me (and likely all his customers) 1-year pre-paid Equifax Gold Identity Protection.  

In my situation, the cash on cash return - including the penalty and prepaid taxes, is a little over 20%.

There are pre paid legal plans available that make talking to an attorney very affordable.

The loan costs were 4%, a $450 processing fee for a total of about 18K not counting third party fees at closing (title fees, prepaid interest, taxes, hazard insurance).  

I use a Netspend account (prepaid credit card) as it has a high yield savings account attached to it.