My recommendation would be the same as a previous poster said, if you have to make a deposit make it by credit/debit card so you have some recourse.Also, as another previous poster said, there are plenty of hungry painters that do not and will not require a deposit of any kind.

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

I've had my mortgages and car loans direct-debited for so long, that I didn't even think about it

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.

If I have to give them a check for earnest money or option money, I send it with the contract and a prepaid and addressed express mail envelope.If I am going to give all checks to a local title company, I might e-mail them the contract and have them sign and send it via FedEx or USPS Express Mail. 

All new tenants after the first few were required to sign up for rent payment by direct debit from their checking account on the first of the month.

Also, even though the taxes are prepaid, you still have to factor it in.

The new loan amount can be no more than the actual documented amount of theborrower's initial investment in purchasing the property plus the financing of closingcosts, prepaid fees, and points on the new mortgage loan (subject to the maximumLTV/CLTV/HCLTV ratios for the transaction).5.

What system do you use for automatic debits?