Hi,I've heard a lot about simultaneous closings to be illegal nowadays, is it true??

First, I find winter rehabbing in Milwaukee to be much cheaper than rehabbing in the summer -- lots of contractors out of work and not much prospect for retail jobs, so they're willing to work for much less than they are during the nice months (when it's tough to get contractors for less than retail).As for order of rehabbing, during the nice months, we typically work on exterior and interior simultaneously, but prioritize the interior (since that generally takes much longer than the exterior work).

House Hacking is the goal, 'to live for free or almost', while simultaneously saving for the next property.

There is no need to use a QI if you want to simultaneously exchange property like you're describing.  

Of course, you can always do the two simultaneously.

Where most run into trouble is when they are looking for title companies that are OK with simultaneous/concurrent closings where the funds to purchase the A-B transaction are funding by the B-C transaction where A is the original seller, B is the wholesaler and C is the actual buyer.

On the other hand, if you have 5 flips going on simultaneously, then you want to deploy software such as Podio or BaseCamp.Hope this helps.

Matt Devincenzo , my original intent was to receive help in brainstorming the structure of my investment business along with a property management entity that I would like to grow simultaneously.

But as long as you state in your contract when selling "seller grants no warrenties or promises, sold as is, where is, and seller has never lived in property" My first successful wholesale was done doing a double/simultaneous close.

I see that, we were actually posting simultaneously so I didn't see the rental history of the previous owner before my post.