Hello BP community, As an investor who just got my own real estate license, I want to know how much commission I could credit to the closing cost and pre-paid items for my own purchase transactions.

@Stephanie Garcia Also has anyone ever used Legal Shield or prepaid lawyers??

Most tenants hate going to the laundromat and having to come up with quarters each week or else use a debit card now some places.

It's going to hit your bank account for debit and equity for credit. 

For the people without a bank account have them get a prepaid debit card that allows ACH debits, such as the NetSpend card that we recommend.  

They will be able to look at your credit and debit to income ratio and tell you EXACTLY how much you can borrow.

If you have a seller willing to provide a large  credit or price  decrease  - I would use the  credt to cover the loan fee/ points / prepaid items - good luck

The pro-rated rent is credited to the purchaser while pre-paid expenses, such as property tax are debited.When we acquire an occupied property, we like to Close between the 2nd and 4th of the month.  

Do I have a system to handle this issue, am I protected, are my rules and regs good enough, how far should I go with updates, etc... lol Such a learning curve but after reading your post I am realizing that its one day at a time and evaluating the debits and credits every month as I shape and mold with the new experiences I gain...

@John Wanberg I have an annual lease and collect rent every week (instead of once a month) using a debiting service that takes the money from the tenant's bank account.