In my mind you MUST have the cash to these mortgages off if your going to engage in these transactions.

These accountants believe that purchasing from a related party is fine as long as it is an arms- length documented market-consistent transaction.   

Yes, that makes perfect sense, especially in such a large transaction to find the replacement property.

This phenomenon not only poses significant risks to property owners and managers but also threatens the integrity of rental transactions.

How does the transaction work between me personally and my holding company LLC?

@Allison Littman To structure the purchase creatively, you could split the $600k transaction into a $400k purchase agreement and a $200k charitable donation to the seller’s tax-exempt organization.

Could call the title company or transaction coordinator to validate.   

ATM business mainly makes money from the transaction fee.

Contact the Title Company; it is their responsibility to 'settle' the transaction at closing.

From a transactional cost standpoint alone, the fees on the way in and on the way out require significant appreciation to break even.