Concurrency issues with multiple, independent database transactions?

Question

How would you solve the concurrency issue with the following code? In this example, we'd like to know why the user failed authentication. The problem is that this code makes two separate calls to the database, but we'd like the whole method to happen inside of a conceptual transaction. Specifically we're interested in isolation. We don't want concurrent writes during the execution of this method to affect our reads before we've determined the reason for the authentication failure.

A few solutions come to mind: Thread Locking, TransactionScope and Optimistic Locking. I really like the idea of Optimistic Locking, since I think conflicts are likely to be rare, but there's nothing built into .NET to do this, right?

Also - is this something to REALLY be concerned about in this case? When are concurrency issues like this important to consider and when aren't they? What needs to be considered in implementing a solution? Performance? The duration of the lock? How likely conflicts are to occur?

Edit: After reviewing Aristos' answer, I think what I'm really after is some sort of "snapshot" isolation level for the Authenticate method.

public MembershipStatus Authenticate(string username, string password)
    {
        MembershipUser user = Membership.GetUser(username);
        if (user == null)
        {
            // user did not exist as of Membership.GetUser
            return MembershipStatus.InvalidUsername;
        }

        if (user.IsLockedOut)
        {
            // user was locked out as of Membership.GetUser
            return MembershipStatus.AccountLockedOut;
        }

        if (Membership.ValidateUser(username, password))
        {
            // user was valid as of Membership.ValidateUser
            return MembershipStatus.Valid;
        }

        // user was not valid as of Membership.ValidateUser BUT we don't really
        // know why because we don't have ISOLATION.  The user's status may have changed
        // between the call to Membership.GetUser and Membership.ValidateUser.
        return MembershipStatus.InvalidPassword;
    }

Answer 1

Based on my reading here and here, it seems like a System.Transactions.TransactionScope wrapping your whole method should automatically enlist your database calls in a common transaction, resulting in transactional safety across the whole Transaction scope.

You'd want to do something like this:

public MembershipStatus Authenticate(string username, string password)
{
    using (TransactionScope scope = new TransactionScope(TransactionScopeOption.Required, new TransactionOptions { IsolationLevel = IsolationLevel.Snapshot }))
    {
    MembershipUser user = Membership.GetUser(username);
        if (user == null)
        {
            // user did not exist as of Membership.GetUser
            return MembershipStatus.InvalidUsername;
        }

        if (user.IsLockedOut)
        {
            // user was locked out as of Membership.GetUser
            return MembershipStatus.AccountLockedOut;
        }

        if (Membership.ValidateUser(username, password))
        {
            // user was valid as of Membership.ValidateUser
            return MembershipStatus.Valid;
        }

        // user was not valid as of Membership.ValidateUser BUT we don't really
        // know why because we don't have ISOLATION.  The user's status may have changed
        // between the call to Membership.GetUser and Membership.ValidateUser.
        return MembershipStatus.InvalidPassword;
    }
}