The prepaid rents equaled about the closing costs for me so I didn't have to put any money down!

And @ lee Jackson I would like purchase the ultimate bundle today and use a prepaid Visa card.  

Thank you all for your repliesDerreck Wells,I was wondering if you could please shed some light , on what I may face with this Lead paint issue , as I will be using a FHA 203K rehab loan.The property needs around $25,000 worth of work done to it  ( New rook, new flooring, new AC unit, appliances, inside and outside painted, some electrical work )I can't exceed this amount of $25,000 that is allocated to the repairs , as I am working with a limited budget on what I have gotten approved for via a Loan, and that is $80,000 .The purchase of the house will be right around $52,000 and then adding on for any closing costs / pre-paids that I may have to come up with .... $25,000 is my Max amount for the repairsI just don't want to jump the gun on getting an Inspector out there to inspect the property , as well as an appraiser .... only to find out that the Lead paint is going to be an issue , and end up costing me an extra $5,000 to have the whole house scraped and the lead paint removed , via some FHA rule ?

Lenders will want the buyer to pay pre-paid items, appraisal, application fees, insurance binder and taxes. 

"Any and all tenant deposits along with any prepaid rents (security/pet deposits, last month's rents, etc.) shall be transferred to buyer at closing, verified by tenant signed estoppel letters", just off the top of my head. 

We're going to try and offer him some of the pre-paid rent refund to leave now, and give him the rest once he's completely out.

Per dodds frank no other concessions can be made except for pre-paid closing items 

Is rent prorated like prepaids?

You can email her a contract that she can print out, sign and take to an escrow company you pick out or you can overnight her a contract and include a prepaid envelope with escrow's address on it that she can put the contract in and mail off to them.I never look at anything I wholesale.. unless I'm forced or coerced to see so doing it out of state shouldn't be any different.

@Brian Gibbons and @Bill GulleyThanks for all the information.I will be seeking out a "Residential Real Estate Contract Lawyer" and see if I can get a consultation.I have heard of a couple people in our REIA as well as Wendy Patton in her books reference using PrePaid Legal for their Legal team for getting contracts drawn up or reviewed or just in general legal advice.