you can cash out after 6 months of ownership so your answer is yes up to 70-80% LTV depending on your appraisal value you may be able to take out a lot of your original down payment or rehab costs.Let me know if you have any questions or what zipcode/area they are in and we can discuss comps and or options.

I used mostly credit cards and borrowed money for the purchase down payment and rehab cost, and now that we're finishing up I'm doing numbers on payback and the next property.I want to keep up momentum and start the next project soon, but by my count, it will take me somewhere around 5-6 months to pay off all the debts I incurred in the process of purchasing and rehabbing the house (not including the mortgage). 

You will also know how many days you must return it by and what evidence is required in order to deduct the expense (receipts).Also in future purchases with inherited tenants, you will want to ask the current owner for their payment histories, estoppel certificates, etc.When it comes to working with tenants you inherit, you often have to retrain them.

We were forced to mover servicers when I was just starting ten 2nd lien foreclosures, completely screwing it up, so I went with Land Home, since they are also RMLO's which can mod the loan if needed, otherwise see if they can keep making the note payments. 

While the buyer is making their payments, inconsistent as they may be, they are not paying the CA Real Estate taxes. 3 years have not been paid and I'm getting ready to pay them.

My question is do I have to transfer funds to my checking/ savings account and let it "season" for 60 days before using it for down payment/closing costs for the purpose of getting a mortgage?

About 500 posts a minute of people that never make it into the double digits on their posts counter.

As such, we don't really have funds for a down payment towards a property.

My wife is not part of the loan.I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.I would like to use the low down payment to purchase this property.

I've planned to call the home cleaning service oakville and here is their pricing information http://www.sunrise-cleaning.com/fees-payments/pricing-information/.