Last night I had a meeting with a potential contractor for two simultaneous rehabs.

lets see, ive rehabbed nearly 60 mostly vacant dumps and turned them into decent ( rental) to excellent (flips) places to live, now generating tax revenues, water bill revenues, env fine revenue,..where once they did not, improving the looks of the neighborhoods for neighbors and the city simultaneously.

If you do a simultaneous close on a property your end buyer does get to see what you made, but that is after the closing.

You could end up with a non paying tenant or eviction and some major capex item simultaneously.

I am looking to do my first two deals simultaneously (one 4-plex, one duplex, same town) and would like some advice on a few items.

Simultaneously pay off old debt and build an emergency fund.4.  

I would start with getting buyers lined up first while simultaneously looking for deals to know what your buyers want and find deals according to their buying criteria.

If I am making over 5k I will use a simultaneous closing.

Structure your partnership on even draws - for example, if you are going to be a 30% partner, and you're going to buy a house for $100k, don't part with your $30k until they are simultaneously parting with their $70k.

I think I would start building capital, probably with a job, while simultaneously looking to find private lenders that could help finance a flip or maybe even a hold.