What is the best approach to make this transaction, to minimize my expenses including taxes?

I would recommend calling around to local lenders to see if any of them do "delayed financing."

If, on the other hand, you have a MINIMAL budget for marketing, $50 a month is chump change if it gives you several more hours a month to spend on the actual business.Spend your time on the things that make money, and outsource the things that are not your core business or competency.  

Higher potential for delays, expenses, and problems to occur.

I'd say about half of our flips are minimal rehabs.

Where I live in Oregon making good cash flow with minimal risk and effort (ie: passive) took me to invest out of state in turnkey properties.

I was hoping to do a "delayed mortgage" with private money.

Use an account that is very quiet to minimize these headaches. 

im looking for some recommendations and if possible a reference in houston area . i need to make contact whit a RE lawyer . i like to have some one who knows the laws making sure everything is correct especially now that im just staring ,i understand the concept and i been educating my self the most i can .but still .I know i will make some mistakes some times ,but I want to make sure i minimize them!!

When getting ready to close one's first deal as a newcomer, what are some steps to take to minimize the risk involved?