Inclusive of pre-paids (including initial year's worth of hazard insurance) and closing costs, I'm in for $19K. 

This helps the people who struggle to even get prepaid credit cards. 

Now they are requesting 115,957 for 3 months of prepaid interest and also for 3rd party escrow bridge fee.

To get the bridge loan from Genie Investments It is required that we must put up prepaid interest for the 90 day time Or until the Beloc loan funded in my case it was $360,000.

Current as-built drawings, plans & specificationsDescriptions of buildings, physical aspects and systemsSite Plan (with dimensions and identifying tenants and vacant locationsPhase I and if applicable Phase II environmental site assessmentProperty Condition ReportStatus of ADA compliance (including ADA plans)Warranties (HVAC, roof, insulated glass, etc.)Existing exterior, interior, and aerial photographs of PropertyFloor plans with tenant location (CADD/PDF files)Any and all Leases and Tenant correspondenceAny and all Service ContractsGeneral Ledger for the past 3 yearsThree year history of delinquency and bad debtMost recent detailed billing statement for all TenantsTenant ledgers for previous calendar year & YTDCertified Updated Rent Roll and Certified A/R ScheduleList of security deposits and prepaid rentLeasing update (pending deals, LOIs, renewals, lease-up projections)Future Tenant improvements and leasing commission obligationsThree year history of tenant improvements and leasing commissionsCurrent year detailed operating budgetYTD budget vs. actual analysis for current year & 2 prior yearsThree years of operating statements (revenues & expense) historyCapital items/budget forecast (3-year projection)Three year history of capital expendituresProperty Tax bill for current year and previous 3 yearsCurrent Insurance CoverageThree year history of insurance claims and incidentsTenant’s sales volumes for at least 3 yearsThree year occupancy historyExisting appraisal report(s)Confirmation of ZoningCertificate of occupancy/use permitsStatus of pending litigation and/or threatened condemnationMost recent title insurance policyMost recent as-built surveyCAM Reconciliation for prior 3 years

You have to figure pre paid taxes and insurance, lender fees, etc....

Credits: Security Deposit:  $     800.00 Other Rent:  $               -   Other Deposits:  $               -   Total Credits:  $     800.00 Debits: Rent for Period 10/01/2018-10/31/2018:  $     800.00 General, Damages, Repairs and Disposal: Low Mowing:  $        40.00 Remove Weeds  $        25.00 Key Replacements per Lease Agreement (3 Keys @$50.00)  $     150.00 New Locks  $     100.00 Repair Drywall large holes in Living Room and remove nails  $        25.00 Replace and change All Light Bulbs (8 total @ $5.00 each)  $        40.00 Painting of Living Room, Dining Room, and both bedrooms due to damage beyond normal wear and tear (20 hours @ $30/hour  $     600.00 Kitchen: Refrigerator Cleaning  $        75.00 Oven Cleaning  $        75.00 Oven Drip Pan Replacement  $        35.00 Sweep and Mop Floors  $        25.00 Total Debits  $  1,990.00 Total Credits  $     800.00 Total Debits  $  1,990.00 Total Due to Landlord   $  1,190.00 

Their other option would be to use a credit/debit card and RentRedi was going to charge them $75 to do that.

My first focus was to be debit free by May 2016....but i look like i will reach that goal a little earlier..thank in part to my part time job with Uber.  

@Stephanie Espinal- thanks -  this  will depend on  1) approx  purchase price and 2) if you are  buying it as a  primary home or as a true  100% rental ..... assuming you are buying  for it to be a  primary residence - you will need a  3.5% down payment /   closing costs +  loan fees  +  prepaids  ( these  will vary  based on the  purchase price )  .... best  to  get a  formal pre approval  process started  so you can make sure you can  qualify and also  so you can  learn the process and  also become familar with all the numbers  (  costs / payments /  cash needed for  closing )