I see that, we were actually posting simultaneously so I didn't see the rental history of the previous owner before my post.  

Absolutely, A simultaneous closing can be very difficult and if done incorrectly it can kill the deal.

Smart investors will figure out how to incorporate technology into their business while simultaneously maintaining the personal relationships that they have worked so hard to create.

Obviously you care about your cousin but, honestly, it’s a bit of an odd question to be concerned about the death of you and your wife happening [somewhat simultaneously].

Even if you send an email once a quarter, they may find it intrusive and they may paint a rosy picture while simultaneously trashing the place.

Instead of just wholesaling the property, I did a simultaneous close, wrapping the underlying note with a new note with $17,500 down, 9% interest and due in 12 months.

Our painters are also doing the drywall work which allows us to basically sheetrock and paint simultaneously.

So it seems that it should have come as no surprise Wayne that you couldn't 'get away' with a simultaneous close?  

“Recordation of Quitclaim Deed and Mortgage; Conditions”, the following statement appears: “Upon: (i) Buyer’s payment of the Down Payment and the Delinquent Assessment in full, (ii) Buyer’s execution and delivery of the Note and the Mortgage to Seller, and (iii) Buyer’s timely payment of all Probationary Payments, Seller shall record in the County in which the Property is located a Quitclaim Deed to the Property, transferring to Buyer record title to the Property, and shall simultaneously record the Mortgage.”The first payment for this land contract was due September 1, 2011, and the borrower has made timely payments exceeding the 24-month probationary period.

While simultaneously cutting back on my expenses as much as possible, I'm going to increase my cash flow.