., so right about at valuation for the neighborhood)- 5.5% fixed financing- 10% down ($7,500), no lender fees, but prepaid insurance, prorated taxes, closing attorney - 10 year amortizationIt's negative cash flow because the principal payments are $423/month and increase by $2/month.

@Bryan O.While what is best will depend on your objective, here are some considerations: If you want access to bank checks, a debit card and/or the ability to ACH funds out, you will need a bank, credit union etc. rather than a brokerage.  

Escrow holder is authorized and instructed to debit Seller’s hold funds and credit Buyer’s account accordingly for the extension fee and pro-rated rent, in that event.I once made an extra $5,500 from a seller who decided to take his sweet time moving out.

We actually bought a prepaid phone and Fedexed it to her address.

For ex: Asking price is $500kI offer $512k with $12k seller concessions.Seller will get $512k, have to mark $12k as a debit to me on the HUD-1 and pocket $500k, which is the original price they want.I make a downpayment based on the total purchase price of $512k.IMO you can use it in any market. 

Debit: Repair and Maintenance reserve account 8% gross rental revenue (this is a sub account of my main checking account, and only used in QB online, if you look in the actual account, the money has not moved, this is for cash flow/accounting purposes only!)

So 16K down 2K in closing costs and 3k in insurance/tax pre-paids. 

You see Prosper will only transfer into a personal checking account and what I thought was a checking account was actually a prepaid debit card account with a check writing feature. ???

I use an ACH service which debits the tenant's accounts.

A week to week can be written to give the tenant 30 days notice instead of the 10 days minimum required by law, and to accept pre-paid rent so you're not cashing weekly checks.