It also affirmatively states the tenant has not prepaid any rent except the current month, including any type of "last month's rent in advance." 

Always double check prepaid rents that get transferred at closing.

My guess is 2 months' worth is to establish reserves, and the rest is prepaids on these.

I was looking for something a bit more stable than a value-add in these uncertain times and was interested to find that MAG capital had a project for a triple net industrial tenant with a long-term lease and 9 months of prepaid rent.

As far as closing costs go, see below:-Title fees-Title insurance-Hazard Insurance-Lender's closing fee, underwriting fee, or any other flat fee they charge-Origination fee-Attorney fee (if the property is in an attorney state)-Doc fee for closing docs-Prepaid interest through the end of the month you are closing-Recording and transfer fees on titleThat will cover most of your normal closing fees. 

For instance, we tithe using cash and we use prepaid Visa credit cards, we don't take a tax write off for it and no one but me and my wife knows how much or where the money gets given to.

I have a tenant who would like to apply for one of my Hammond units. This person said she's had surgery recently and has been out of work since March, and will return in August. She offered to pay a full rent's paymen...

Common reasons:1) Change of closing date (instead of closing end of month, if it gets pushed to beginning of next month, prepaid taxes, interest and insurance will increase because you have through to months end)2) Appraisal comes in low and LTV goes up.

You can switch your insurer at just about any time and they should refund any prepaid insurance back to you. 

They have prepaid legal services 70/mo but I am not planning on renting anymore.