The event is sponsored by payment processors (ACH, credit cards, debit cards, gift cards), and they are looking for new ways these services can be used.For example, by working with the credit card transaction processors, we can do things like have budgets setup by category, and have transactions rejected if they go over that budget. 

Prepaid rent with a deposit seems like a no brainer while you're on vacation.

https://www.fanniemae.com/content/guide/selling/b2...But this line is the same: "The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan"...Anyone else aware of a definitive change to their Delayed Financing Exception rules?

For comparison purposes, do not pay too close attention to the pre-paid items or the escrow portion of the fees as in the end they will all be the same, just figure out who has the lowest Lender/Title fees and then once you narrow it down, have the LO's explain the escrow portion, I say this, because a newer less experienced LO will "just let the computer figure it all out and a lot of times on the estimate they will just use generic figures like 6 month taxes and 6 months insurance, however, this is not going to be accurate, these should be based on when the next due date is and a reasonable pad (2-3 months is standard for this pad).

I am leaning towards seed money my wife is leaning towards debit reduction.

or a debit card?

By the time you have to pay pre-paids like interest, 14 months insurance, 12 months property taxes, lenders insurance, appraisal, etc it will easily add up to $5000 for a $100k property in most cases.

Deposit into my local bank account has worked fine but would like to offer tenants a free solution for them and my IRA to receive rents.Also if you can write checks is it legal to have a debit card for this account?

If you are paying $30 - $40 then it's probably a debit card or credit card.

But start looking at DSCR (Debit Service Credit ratio) and try to be close to 1.25.