You could do both the cash-out refi and purchase simultaneously.

You can do all of this simultaneously, so that when you finally have a deal in hand, you have a couple of arrows in your quiver to execute.  

What steps would be required to be Simultaneously licensed in GA and PA? 

Is it recommended that I find a buyer first or a deal first or simultaneously?

Or do you need an escrow company that will do a simultaneous close or work with wholesalers?  

At closing with your new buyer, The IRA exercises the option simultaneously, thereby giving them 20% of the equity.

Is closing simultaneously ilegall?

This is actually my second introduction on the platform and simultaneously an honesty post:I first became fascinated with real estate investing last year as a sophomore after hearing about the "wonders" of wholesaling from both an old friend a couple of internet gurus...and fell for it. 

Logan, that’s really good info, I appreciate the innovative way to look at the SoCal market.I’m definitely willing to look into multi-family units that I can live in and rent out simultaneously.

And I 100% back that mentality...I work mandatory OT every week on the graveyard shift while simultaneously learning real estate and going to school lol