@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.

Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.

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

And you're right, it moves fast when the value-creation chain is created on both sides of the transaction.

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

And in regards to getting educated on the the laws, I assume the best route is to link of with an attorney who has experience with these types of transactions?

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

Please share any helpful resources, your personal experiences, and what you have found to be valuable with every transaction.

It's much easier to set things up right than to have to transition them later when you have multiple properties and many, many transactions.

Are there any knowledgeable mortgage or finance brokers in the Houston area who have expertise in similar transactions?