Rates are fantastic right now, so if your goal is cash flow then I would look at the monthly savings from a lower rate and by getting rid of PMI, multiply by 12, and compare to the total closing costs (minus any pre-paids and any initial escrow deposit) to determine how long it will take to re-coup the costs.

Program requires a minimum credit score of 600 / 3% down payment requirement to purchase price including improvements plus closing costs and prepaids / There is no down payment assistance on this program / 30 fixed No PMI / Repair Rehab work can only be done by license, bonded and insured contractors which we will do background checks / No self builds / All monies held at title company until work completed and inspected then will release usually on a draw schedule for larger rehab projects."

My current prospective loan structure is at 15% down, $6,750, and the total at closing will be around $11k with prepaid taxes and ins. 

Bought a cheap prepaid cell phone that we call our “real estate phone”.

I've decided to pay the electric bill and subtract the amount from the prepaid month, and notify the tenants that amount will be due for March's rent.

If the rental property ownership makes you a member of a home owner's association, then any HOA fees you paid or prepaid last year are also deductible.I agree with the others who say TurboTax can do it for you -- but only to a point.

Most employers only do direct deposit so even low income earners get paid on pre-paid debit cards if they don't have a bank account.

Williams received from his loan officer on September 14th: “See attached for the estimate including daily interest, prepaid taxes, NWA fees, and earnest money down.

It is also known as prepaid interest and it is a way to reduce your interest rate.

You will get prorated at closing for the pre-paid rents, but you're right it will take longer to raise their rates.