It's very important to perform your due diligence on the operators, the markets their operate it, ask for their past transactions, history of their track record.

What we’ve learned doing lots of off-market negotiation is we get the best results when we have great, empathetic, trust building conversations that gets to the heart of what exactly the seller wants in the transaction besides price.

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  

I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.

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

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

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?

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

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