yea I heard about simultaneous closing which is a little different then double closing.

I only did that because I had too many deals come together at one time and couldn't do them all simultaneously.

So, I have created simultaneously created another level of freedom and other tiers of cashflow...

It does take a long while to master these distortions and find the right side steps, but once you figure it out (and simultaneously grow a pair ;) you'll be pleased with the results.

With 70k, you have enough to do traditional financing on your house hack project while simultaneously flipping a project using hard money. 

Almost simultaneously, a friend of mine(who has no idea I am interested in real estate investing) tells me he will sell me his duplex in my hometown of Alma MI for $10000.00.  

Now assigning the property or reselling it the same day via different strategies is definitely the most common closing method of wholesaling, but that is not what wholesaling IS technically.I would argue that assigning, double closing, simultaneous closing, or land trust/LLC selling a house to an Owner Occupant is technically NOT "wholesaling", but rather "retailing".

So, go get honest with Uncle Sam, and then Aunt Fannie Mae will like you.A good lender will be able to write some smiley faces on your tax returns, indicating things that you can write off to your heart's content to save on taxes when you next file, that simultaneously a mortgage lender can  turn around and "add back" to your income to qualify you. 

This project is one of two simultaneous projects i decided to take on as my first two flips - in two different states...and neither are in the state I live in.  

I was thinking of wholesaling to build capital and repair credit simultaneously