It's pretty common to do both simultaneously from the same lender.

Sell the billboard lease income to an investor through a perpetual easement (simultaneous closing SIMO).3.

Rental area Comps: $1,600.00/unit per month (some as high as 1800)Repairs: none needed to rent one side (windows must be replaced soon)As I see the numbers:Income: $3,200 (potential)Expenses: $1,163.00 (Vacancy, Taxes, Insurance, Maint etc.)Mortgage: $1,690.00 (plus/minus $50 since we haven't locked rates yet)We appreciate everyone's help and advice - we are very excited, but the ROI seems low for an investment, however, this will act as an entry into RE investment and allow us a place to live and collect some rental income simultaneously. 

., it was a true like kind exchange where we did a remote over the phone simultaneous signing of the docs). 

But are you saying that these agents you are speaking of will only consider assisting if properties are purchased simultaneously?

DO NOT do any such transfer unless it’s part of a simultaneous refinance in the name of the holding individual or entity that will be the record borrower on the new loan.

We are looking for an experienced onsite property manager that can manage 1-3 properties simultaneously.

By comparison, from years 5 - 10, you would be profiting $9k/year per property...so you would have accumulated $270k in profit when the Option A finally starts to profit in year 10.2 - You have 5 properties appreciating, all reaching "cash in recovery" simultaneously after 4 years.3 - Assuming you will use the CF as a DP on future properties, you will be able to buy your next property (20% DP = $36k) within the 1st year....with $9k extra. 

@Andrew Postell I’m curious if there is an effective strategy to go after more expensive RE say in Ca and much less expensive RE say OOS simultaneously while preserving my 10 conventional mortgages for the more expensive RE market in Ca.

In this case, the seller would have to pay extra tax for the interest you're trying to inflate while simultaneously decreasing principal.