I'll call it a simul/double closing which is common verbage in the industry.So what is it, or how is it different?

He has wanted to be a pilot since the age of 5 or 6 and flies this plane on his computer simulator.  

Simulated Analysis - I'll take atleast one of the above properties and do a quick analysis on it as both a flip and a rental property.

I'm also not sure how to simulate syndications using that. 

This isn't some sort of investment simulation funds to play with on a new brokerage account.

They are going to be like how astronauts start with digital plane simulators, then ride in a plane, then fly a propeller plane, then review the charts, then move on to a digital jet simulator, review those charts, then a digital space shuttle simulator, then a space shuttle, with a thousands steps in between.

That 25% is to simulate vacancy, maintenance, capex, etc. 

Young James Kirk defeated the "Kobiashi Maru" simulation by altering the software program.

I've seen mortgage inquires have zero affect on borrowers.Shawn hit the nail on the head mortgage inquires during a specific time frame will only count once although they will show each time.Here is a link to thread where I just addressed this.https://www.biggerpockets.com/forums/311/topics/310884-credit-run-buy-unknown-sources-multiple-times For more info I'd suggest checking out myfico.com  This post is 100% correct, especially the part about FICO treating their exact algorithms as a trade secret.Very expensive "FICO simulator" software that we use internally that lets us throw "what if?"

Second way is to simulate doing it - he recommends the game of Monopoly - which was originally designed for business school students.