It's a 4 family, I just don't want that kind of transactional relationship with any tenants.

.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .

Of course our big motivation is commission but you can get commission or a referral fee or something in an off market transaction if done properly.

Additionally, not all transaction types support Locations, meaning you'll have to create journal entries to correct them—requiring a solid understanding of debits and credits, which can be time-consuming and error-prone.Instead, I recommend biting the bullet and upgrading to QuickBooks Online Plus for each entity.

If anyone has any experience on either end of a transaction like this i would be interested in hearing from you.

Do they suggest how to enter the transaction accurately or enter an adjusting Journal Entry.

No one will be losing any commissions besides the broker who is negotiating the transaction for you  

As you probably read through the comments on this thread, there are many moving pieces, costs, and folks involved in this transaction. 

That is if purchasing EXISTING performing investment real estate AND have very good clarity of every facet of the transaction ESPECIALLY reasoning for seller selling, AND you have decent market intelligence. 

Does anyone have experience with that kind of transaction?