You can have two simultaneous settlements.

Simultaneously, you can use some of that $50k to put a 20% downpayment on a property using a conventional mortgage.

This means that the common wholesaler strategy of assigning a contract will not fly, and neither will a simultaneous double-close (how would you get a buyer without marketing.)I am sure people will tell you they have done it, and gotten away with it.  

Example #1:1 - Bring in a cash partner at <fill in the cost to buy in and % of returns they are buying>2 - Put a timetable on their involvement, with a payoff of their original capital + returns.3 - Use the funds to pay off the remaining balance in the original property's debtExample #2:1 - Bring in a cash partner that pays off the existing debt completely, and give them a guaranteed return based on the time it will take you to do the conversion and sales.2 - Use the funds to pay off the debt.3 - You now have 100% equity, and you're freed up to get the needed funding for the conversion...and all of the original funds back for use moving forward with your next deal...simultaneously. 

@James Park  I think another factor, but certainly not the primary factor, for female success in this business (I have my license) is that I believe women are [generally] superior in managing multiple tasks and priorities simultaneously.  

I'm new at investing so looking for clarification from some of the more seasoned investors.With your traditional sandwich lease option, I’m assuming that when it comes time for the buyer to close, the investor (me) needs to do a double or simultaneous close, correct?

Are simultaneous, back to back, or double closing allowed in Missouri, or do I need to do an assignment closing?

Your back-end profits would be the difference between the price that you optioned to buy the house for from the owner and the purchase price that you gave to that tenant buyer.a straight option- In a straight option You would simply get an option to buy a property at a specific ideal price.An ideal price would be a price that would allow you to make a substantial profit when you've have sold the property.Once you've negotiated the option price with the owner, you would locate a buyer and do what is called a simultaneous close and walk away with plenty of cash if you structured your deal the right way.

I'm interested in finding some good title companies in Las Vegas, Nevada that do simultaneous & double closings.

Double Closing" is a general term and not specific enough as a double close could mean a wet closing (also named a simultaneous closing) or a dry closing (also called a back to back closing) where each transaction stands on its own merit.