If the deal still makes sense under these assumptions, then the return assumptions of your project are more aligned with and driven by operations, while simultaneously reducing correlation to market downturns, then you are looking at a solid deal.

You just need to simultaneously start talking to lenders to find out what the requirements are and get that lined up.Best!

All such alterations, improvements, and additions made by Tenant shall remain upon the Premises at the expiration or earlier termination of this Lease and shall become the property of Landlord, unless Landlord shall, prior to or simultaneously with such expiration or termination, have given written notice to Tenant to remove same, in which event Tenant shall remove such alterations, improvements, and additions and restore the Premises to the same good order and condition as at the Commencement Date, reasonable wear and tear, subject to Tenant’s obligations under this Lease, casualty or condemnation excepted.

If you ever start doing multiple jobs simultaneously,I highly recommend this approach.Oh, and you'll never find a reasonably priced GC who will float the costs until after the rehab.

You must have that independent 3rd party in place prior to the sale and you cannot have actual or constructive control of the proceeds.Would you need a QI if the 1031 exchange was completed simultaneously?

Using several methods(including allowing cats) simultaneously will work best.

Simultaneous close on the property and you walk away with a few thousand in your pocket.

@Ndy Onyido  , I believe you can turn warzones, if you are able to pick up a bunch of properties on the same street and maybe get some other investors involved simultaneously. 

if you use transactional funding you can do simultaneous close.

. $40k might be enough to put money down on two deals simultaneously, just be sure you'll be able to handle the monthly payments or find a lender who can/will roll the payments to the back end of the loan, at closing (costs a little more in interest).