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

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

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

stay safe.   

@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.

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

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?

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

The IRS views it as taxable income because it’s not being used for the purpose of deferring taxes under the 1031 rules.For example, if you sell a property and only use part of the proceeds for the next investment, the leftover amount (after paying transaction costs, etc.) is taxed.

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