Can be prepaid anytime without penalty.And here are the numbers for a single family house in Tampa, 3 bedroom, 2 bathrooms:Purchase price: 140,000 USD Down payment : 40,000 USDMortgage: 100,000 USDClosing fees: 7,000 USDRental income: 1350/month Maintenance + tax: 450/ monthMortgage: 600/ monthProperty management : 112.5 /monthCashflow: 187.5 USD/ Month => 2250 USD / YearCash on Cash Return: 4.78% (2,250/47,000)Considering that we are using levarage here I would expect a higher return.

When the tenant moves out (or when they request it), I read their actual usage and either credit or debit them for the difference between actual and estimated.This has worked fine for us and is far cheaper than automated reading and billing.  

On a typical deal, if you pick up a property (let's use round numbers) for $100K and it needs $50K in rehab (that's probably the max you'll get financed but we'll go there) with an ARV of $250K, you're going to need 10K, plus closing costs or about another $10K (estimate including prepaids, title and if you pay 4 points).  

I personally don't like online system after online system having my account/credit/debit card info.

If they don't make it by themselves or with a co-signer we offer a prepaid rent (2 months) option. 

Also, in regards to escrow I always use at least 3 Months on HOI and 6 Months for  Taxes Pre Paids - This depends on the timing of the year.Let me know if you have any questions.Regards,Joe Scorese

This negates their ability to double debit you or claw back the funds.

Check your state landlord tenant law.Late rent is late rent, past payments are past payments, who cares if she prepaid when her rent was late it was late, partial payment is not full rent.Right to enter is normally 24 hour notice unless a maintenance issue presented.

9 times out of 10 I have to open a business checking with the banks I get loans with, and usually mortgage payment has to be paid from there on auto debit or they bump my rate.

Verify if the DL is legit by entering all details in this site:https://txapps.texas.gov/txapp/txdps/dleligibility/login.doI would like to have a way of getting them to pay $1 using a credit/debit card.