Banks won't allow you to "assign" the contract, meaning they won't allow you to take the contract that you have with them and pass it on to another investor to close the deal.That said, the bank can't stop you from immediately reselling the property to another person (a double close) or even selling at the exact same time as you purchase it (a simultaneous close).

If you can not pay rent and pay down a mortgage simultaneously compared to paying a couple thousand for a 2 bed unit, that's a win in my book. 

 -3 days max.  4) Tile Flooring/ Bathroom Shower tile rehab/ Carpets - Done simultaneously by 3 separate crews.  1 day carpet/ 4 days max tile in room floors and showers

I have an investor friendly Realtor, some contacts with contractors, and an LLC already in place for a travel agency that I'm simultaneously working on expanding.I'm excited and nervous at the same time!

(If your probability of divorce is 0% and you have wills already set up, you probably don't care at all, but IANAL)If you're going to make the switch, I'd want to do it one batch refinance with 7 or 9 or whatever simultaneous closings.

The logic behind this is establishing some "science" behind how many prospects we need while simultaneously being objective about there ability to commit.

There is an exception to get a 2nd simultaneous FHA loan however you'll have to have one of these 4 situations to qualify along with 25% equity on your current property which it seems like you do (close enough):1) larger family size (evidenced with medical pictures/documents for legal adoption/birth certificates)2) You were a cosignor but not currently occupying a property of another FHA borrower and now you want to buy or qualify for your own FHA home loan3) legally separate from an exspouse with which whom you shared a FHA loan together on a home and now you want to qualify for your own FHA home loan4) you're relocating for a job (need employer offer letter signed/dated by employer or HR)Your other issue with qualification is DTI and that is often true that its capped at 45% DTI or debt to income however you can also go up to 50 or 50.5% too so there might be some room to work towards there to get that additional borrowing ability.Paying down your existing loan is probably the worst way to obtain more qualifying ability especially when your current note from FHA on your current property is at 2.70% as you mentioned. 

Simultaneously, find platforms to gather a list of investors to pitch this deal to.

I would say you can look for them both simultaneously.

I learned he's got 15 or so crews going simultaneously, fixing up mostly "C" properties in Indy--what appeared to be a serious flipping operation.