When the next one comes simultaneously we level it and also make sure faces match up.

This is also known as simultaneous closing.

I don't know for sure but I've heard some states do not allow a simultaneous close, making a phone call to a Title company in your area should clear that up pretty fast though.

TeriJust to let you know what you wanted to do the first time is really a simultaneous close or a "dry" close where you use the funds from the second part of the deal to close the first part.Even though this is legal, it is getting much harder to find a title company to do them.and lenders are putting in conditions to prevent them.What your now going to do is a true double close or "wet" close where each transaction is funded separately.

IT also says that she needs a simultaneous closing, in which she buys the property and sells it to us.Can someone please explain all of this to me?

Here is a page with videos that explain "flash cash" (transactional funding), and the difference between simultaneous and back-to-back closings, [LINK REMOVED]

What I want to do Is buy a property on a Land Contract and simultaneously do a Lease Option with a marked up purchase price and of course creating cash flow up to the point the Option is executed.

Scott, I guess I meant a simultaneous closing.

I spend about 12-16 hours a week doing both the management and maintenance, which I do simultaneously.

As I am still working on fixing up my first rental property (in Michigan) and getting it ready for rent, I am simultaneously trying to do my homework regarding the necessary paperwork needed for signing the rental agreement.By that I mean, what do I need to give a tenant when he moves in?