It would help for you to take a look at his P&Ls to understood how the investor has operated the portfolio.

(On the other hand, I'm still not convinced that the term "simultaneous close" is universally understood to mean "back-to-back close", but rather, is more likely to be lumped in with your definition of a "double close", where A only gets paid by B if/after B gets paid by C?)

I had serious doubts about 50% upfront since it's a lot of money, but I also understood that they'd be out a lot of money if a homeowner failed to pay, so after due diligence, I went ahead.

I just wanted to make sure I understood it because this tenant refused to waive her right to a notice to quit before, but it looks like she may have done just that.  

I am looking for something that could be understood without having to use a legal dictionary or lawyer if you catch my drift.

The part of the story that I excluded from the last post: in the Option to Purchase agreement we wrote up that I agreed to pay his mortgage payment which I understood to be $800 for PITI.

He understood it is expensive to cut down the tree and he said he is willing to resolve the problem together.

The group could better help you if they understood your goal - buy and hold?

Using VA - understood.

Understood, my first rental asset was a duplex.