I also prepaid my PMI as it was bit cheaper then monthly.But looking back, I'd of been better off not doing that and then doing a refi.

We reserve the right to require a higher security deposit and or additional prepaid rent.

I didn't do this with our first purchase, but not too big a deal- one tenant had prepaid, another is on county assistance and they send the check automatically on the first, the third is chronically late with the rent but pays late fees.

Here in Tucson, there was a big PM company that folded last year because it turned out that their accountant or internal bookkeeper or one of the partners had over time stolen several hundred thousand dollars in owner reserves, prepaid rents, tenant security deposits, etc.

But bank total charges will be $4,452.47 (1533.47 prepaid item and closing cost $2,919.00.

If by pensions you mean 401ks, you may be eligible for a up to two 401k loans per account, with a maximum of about 50% of your investment account, with a payback schedule amortized at a competitive rate for up to five years and deducted prepaid from your paycheck.

Can I accept the prepaid 1 year rent?

If I can get a refi with the same deal that lowers my payment to somewhere in the neighborhood of 1300, (and not much more than the origination fee + prepaids for closing) then I'd consider renting it out as an option.

Whether investors are pooled or you only need one investor is not a talking point of Reg D.Thanks Dion.And I read the exact question to a Prepaid/Legal Shield attorney before posting the question here, and the attorney said yes that would be an okay way to structure it.

See my other post today for more history on this property, but my offer was accepted with 4k credit from seller towards closing and pre-paids.