@Cole Druffel I work simultaneously in multiple markets and have to say that by far the most important thing is building a solid team of people that you can trust.

Doing 8 flips simultaneously is a lot of work and cannot happen without a strong team.

Doing 8 flips simultaneously is a lot of work and cannot happen without a strong team.

We combined the 2 properties to get a commercial loan on both simultaneously.

Simultaneously, you sign a management contract with her to manage the building, that is revocable with 30 days notice, structured it so that she gets enough money to pay for mortgage, taxes, insurance (and probably water & sewer, since not paying that would put a lien on her property) and some cash every month. 

This will lower our living expenses while simultaneously getting all of the other benefits that come with owning RE (tax benefits, debt paydown, and appreciation).

Is there any way to do a conventional loan on a fixer upper property and somehow fund the rehab costs simultaneously without getting a partner?

One may not be “able” to happen before the other but they can certainly happen simultaneously.

The realtor I've engaged to rent the commercial space is encouraging me to list the property and the rental simultaneously but I think if I was renting a commercial unit I might be turned off by the building being for sale.And of course sometimes a commercial tenant makes renovations on their own dime that adds significant value to the property.I'm kind of stuck here.

You could also use this strategy while simultaneously investing out of state, as this strategy requires much less liquid $.