I don’t know if other states do this, but here they can get a pre loaded debit cash card.

You can simply get a debit card from your bank and not have to run your credit.

Yes, I've never had this situation, and it seems as though the would-be renter somehow thinks I find the idea of prepaid rent appealing enough for me to drop the rent price.

With a "larger" (its all relative) your eggs aren't in one basket and you have segmented your liability without driving yourself crazy with one bank account and debit/credit cards for each property you own and the associated bookkeeping.Using conforming residential loans (which a legal entity is not eligible) can be a powerful tool. 

There's no way I would ever accept "prepaid" rent, lots of reasons.

You can add closing cost and prepaid but not cash out.

I just use debit cards.

@Stephanie GarciaDelayed Financing ExceptionA cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction are allowed under the following parameters: The new loan amount is not 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 (subject to the maximum LTV). 1.

Allowing my tenants to pay by ACH, debit card or credit card from their phone has saved me time, effort, and money.

I always let people pay with zelle and other ways but with the upcoming rules on 1099k reporting by third party vendors like zelle and apartments.com how do you manage the pre-paids?