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I didn't know this until today but the receiving FFL in Illinois can call in the paperwork and start the waiting period before he or she recieves the firearm.
So part of the waiting period or even all of it can transpire while an out-of-state purchased firarm is in transit.
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That's cool because then it doesn't feel like you waited, other than for the shipment to come in. The last time I got something transferred from Bud's, the FFL said the 72 hours start when I fill out the paperwork. The best thing to do is go to the FFL and fill out the paperwork as soon as you order, then the shipping time counts towards the 72 hours.