Again, points may not be charged by private lenders, it is prepaid interest and reserved for institutional and registered lenders, so forget about charging 5 points and 15%.

You can only receive a deposit if you have a written rental contract (RCW 59.18.260), but I am aware of nothing prohibiting prepaid rent and find it to be common practice in our area depending on the quality of rental.  

If we are bringing the asset/note in at the purchased amount (discounted amount) what are we debiting to create the income accrual?

You can have a debit card for your IRA LLC checking account, but you are not allowed to have a credit card because it will require personal guarantee.

You enter depreciation as a debit and accumulated deprecation as a credit...

Points are pre-paid interest.

He'd always call my prepaid, leave me a message.

(vii) If this note is prepaid prior to _______ day of ______________________________, 20_________, then mortgagor shall receive a discount of _______________________percent (______%) of the remaining balance due.

(vii) If this note is prepaid prior to _______ day of ______________________________, 20_________, then mortgagor shall receive a discount of _______________________percent (______%) of the remaining balance due.

(vii) If this note is prepaid prior to _______ day of ______________________________, 20_________, then mortgagor shall receive a discount of _______________________percent (______%) of the remaining balance due.