Also remember 3.5% is your down payment, but you will also have closing costs and prepaids which might add to that number.#5. 

I think using a deposit model where they can get some those prepaid rate back upon closing is a good way to induce commitment.   

on my commercial bank loans they generally  allow 20% of the loan pre paid in anyone year without penalty. but you do have to negotiate it .. and if you refi with the same lender early they waive it.. but again this is an up front negotiation at least with the banks I get commercial funding from

., you are capitalized at something like 250k and somehow got loans on the other 3.2-3.4MM For ease of the maths: If at the start you were to take your 200k and put down payments on 1MM worth of property (assuming zero closing costs, prepaid escrows, etc.)... you're tapped out. 

There is a lot of confusion about what comprises closing costs and prepaids and understandably so.

My down payment will be just as much as he still owes on the property, some small expenses, and maybe some prepaid taxes.

I was prepaid 1st 6 months of interest. 8 months have passed and no additional payments have been received.

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

Check to X and I would even tell them you would send them a prepaid envelope usps priority mail

(Taxes, prepaids, attorney fee, origination fee etc) So let’s assume your acquisition cost is $227500.Cash flow is income - expenses.Expenses are PITI, vacancy (5% of rents), capex (5% of rents), repairs (5% of rents) and property management (10%) of rents, plus lawn maintenance, HOA fees etc.