They came back and offered 2 extra months of pre-paid rent and had an excellent rental reference from the previous landlord. 

Not pre-paid directly to a lender regardless of whether they're a private lender or not.

Sale summary:$102,000 Bought in 2017 $38,000 Out of pocket includes prepaids$178,000 Sold in August 2020$3,600 seller concession$1,500 in seller repairs $72,000 mortgage payoff$91,250 Due to sellerThe property appreciated $76,000 in 3 years, not a bad take down (75%).

According to this FAQ page on Venmo's website, they allow payment from credit cards, debit cards, and prepaid cards: Venmo: Bank Accounts & Cards - FAQ.Now, to answer your original question, rent should be RECEIVED by the due date (not just postmarked or photographed by the due date). 

Properties that were merely expired leases, or property encumbered with 29 years of pre paid rent, so that the first time you could collect rent was 30 years from now in 2050. 

Our rental does have a lease and they have pre paid 9 mths.

My cash out refi's this year are: 80% LTV, 25 year amorts, 3.6% interest, 7 year balloons, no escrow for property tax or insurance (much lower closing costs with no prepaids).

Also, the tenant has prepaid rent for the entire lease term at a ridiculously low rate ($10k-15k) and the onsite manager has taken off with all the money. 

A payoff can cost $25-50 - a rip off.Fill out ins co docs asap to get claim closed out asap.Have tenant sign permission to remove and dispose of stuffHave them sign a liability release when returning their security deposit-------------------------6/8 addedCancel insurance on the structure, depending on your exit strategy, keep liabilityCancel prepaid utilities - trash, etc and get refundProcess ins. paperwork ASAP, get loan paid off ASAP as to not waste interest expense.I got 3 months of lost rent.. huh?

I also let them know that they could use this money as a down payment, or to pay closing costs and/or prepaids.