I eventually sold for a profit to another investor who brought two of my properties simultaneously.

Because three things are happening simultaneously.

If I only knew then what I know now.Try to learn as much as you can while simultaneously taking small actions toward your goal.

When I've closed deals before using conventional financing the loan officer tells you not to open any new lines of credit, vehicle purchases, new mortgages, etc, and now I have 2 deals that I want to complete simultaneously. 

However, you'll probably still find if they don't pay the bill themselves they will run the unit while simultaneously leaving other windows wide open.

Many things can be done simultaneously and having everything detailed will make those clear to you.

With time being a big factor I would try to get multiple ticket items done simultaneously.

Proc. 2008-16, the IRS will not challenge that a property qualifies for Section 1031 gain deferral if—1. the relinquished property has been held for at least 24 months immediately preceding the exchange and in each of the two 12-month periods immediately preceding the exchange,a. the taxpayer rents the residence to another person at fair market value for at least 14 days, andb. the taxpayer does not use the property more than the greater of 14 days or 10% of the total number of days the property was used; and2. the replacement property is held for at least 24 months immediately after the exchange and in each of the two 12-month periods immediately following the exchange,a. the taxpayer rents the residence to another person at fair market value for at least 14 days, andb. the taxpayer does not use the property more than the greater of 14 days or 10% of the total number of days the property was used.Also, the property will simultaneously qualify for 1031 and 121 at the same time if the property was both primary residences and was an investment property.

In fact, in the case of a total failure of title, the insurer could pay the lender off in full, take an assignment of the mortgage and sue the Borrower (you if you signed individually) under the Note.There may be a reduced rate for the premiums when you purchase a lender's policy simultaneously with an owner's policy so the incremental cost should be relatively low. 

We will then refinance our property and use our FHA loan again to repeat the process (while building our portfolio through other assets simultaneously).This investment was a huge learning experience.