This is the time of year where the underwriters, processors, doc drawers, title reps, escrow officers all simultaneously forget they have work to do and close people's loans.

Simultaneously, I would like to invest in a cash flow property out of state to offset my costs locally.  

First, you mix some terms in your post - you simultaneously refer to the money they are providing as a loan and as something that will generate profit based on the flip profits.  

Subtitle B, section 1411 A: At a minimum, creditors generally must consider eight underwriting factors: (1) current or reasonably expected income or assets (2) current employment status (3) the monthly payment on the covered transaction (4) the monthly payment on any simultaneous loan (5) the monthly payment for mortgage-related obligations (6) current debt obligations, alimony and child support (7) the monthly debt-to-income ratio or residual income and (8) credit history *Creditors must generally use reasonably reliable third-party records to verify the information they use to evaluate the factors. � What is a qualified loan?

If this is a wholesale deal that you hope to simultaneous close and not put any of your own money in, you're in a tough spot.  

I like this approach because I could be in multiple places simultaneously while having Zero Downside. 

I'm fairly new to BP & I've been doing due diligence on how to do simultaneous closings.

That's what I am planning on doing for most of my deals, but in the case that I get a large profit and that potentially angers the seller, I want to be able to do a simultaneous closing where I don't need to disclose my profit amount. 

What sorts of regulations/licensing do I (acting as Chairman of the Board of Directors and chief property manager simultaneously) need to be knowledgeable of during the founding and operation of said organization?

An assignment clause should be on the offer.Make sure the title company that will close the deal knows how to double close/simultaneous close