Becoming an agent has costs to operate Day 1 which includes: additional car insurance (required to drive people around), licensing fees, dues (state and national), fees to operate a Supra key, to be on MARIS (MLS), prepaid legal fees, etc.

PrepaidsHomeowner's Insurance Premium ( months)Mortgage Insurance Premium ( months)Prepaid Interest ($11.7534 per day for 20 days @4.125 %) $235Property Taxes ( months)G.

The statue says it "terminates the lease" and doesn't give back security deposit either. .... my tenants prepaid 6 months of rent which only applies to the last 6 month this of the lease terms.

I generally only see $2500-$3000 in closing costs, and a deal this late in the year will bring your prepaids down.

  ( might be a pre paid card, if you have a low credit score)Both methods will take a few months to get a good score.  

I filed my 2015 tax return and showed my tax preparer I prepaid the pmi.

Will the law require me to apply any prepaid rents before they are truly considered deliquent.   

And don't forget to be clear on all the closing costs  and prepaids you will have to come up with as well as reserves you must have at closing.

Estimated closing cost and pre-paid will be approximately $4,750.00.

Lenders prepaid's or escrow requirements...lender hedging their risk with a requirement for reserves would more than likely be the reason you would need additional cash down...hard to tell without looking at the settlement statement @Alex Alaniz