I tried to set up bill pay to Bank of America and they wont recognize the cheking account as a real checking. 

I am looking forward to the project, but also recognize the challenges of going to and working in a new city at a distance from home.

Recognize your generous, kind actions will not always workout the way you (and everyone) desires it to.  

The issue you are dealing with is referred to as "seasoning", specifically, ownership seasoning.Rules depends on the lender you work with.FNMA: probably the loan type whomever you're speaking with is targeting.FNMA will recognize purchase price + documented renovation costs for first 6-12 months and lend based on that.

Zero.Anyone who knows him will recognize these key words he uses when talking about his past “accomplishments”.$100 million warehouse line of credit, hedge funds, Investment fund, own his own investment company” etc.

That way your numbers stay safe and you are not counting on value that may never be recognized.

Assuming the collateral is solid and you are solid in terms of creditworthiness, your objective is to make it as easy as possible for lenders underwriting department to recognize you are a low risk application.

We expect to be in a position to redeem your interests in short order, and we will keep you posted, as always, on any developments in this regard.We understand the importance of distributions to our investors and recognize the impact this decision may have on your financial planning.

By recognizing the property’s potential for an immediate resale and pairing it with the right buyer, we created value without lifting a hammer.

Recognizing non performing is more risky to begin with.