No servicer can transfer in a day or two by law.Servicing transfers are forbidden from taking place without giving a borrower at least 15 days of notice prior to moving the place of payment and point of contact for the account.  

You'd have to account for what a fair rent would be for your unit, or try for a proportionate percentage (e.g. if you occupy one of three equal units, I think the 1% rule would be "modified" down to .67% to reflect your own living space.

Hello all,I have been involved in real estate for 11 years.

Welcome Gina Jackson staying involved in the BP forums should help keep you motivated.

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?

Sure.Here's how I would put it together if we're claiming primary residence..... get a very well drawn out letter of explanation probably involving her office or location of work being near the subject property and have the employer document the request to be closer to work so the story flows and is plausible in the mind of an UW.Now if you're going to put down 10% anyway you could just structure it as a second home purchase as second homes can be purchased with as low as 10% down up to a max of 417k loan amount in most parts of the country and especially so in Los angeles, Orange county, San Bernardino, and Riverside, and Ventura counties surrounding you.

As time goes on I realize that I like this job and would like to get more deeply involved with managing his property but I'm not sure how to assert myself without coming off like I want to take over.

Once I just into this game I was surprised about how many people in my circles were involved in REI in some way or another.

But that strategy usually involves some sort of rehab/repositioning.

@Steven Gillmer Account Closed I am also a small investor in the Boise area and I have found it very hard to find deals that pencil out in the last year.