Thanks Randy...I use them for most of my transactions anyhow.

it also adds to the cost of the transaction, a portion of which you will have to eat. 

Do you double close using a transactional lender?

Or do you mean attempting to broker RE transactions between a buyer and a seller but calling it assigning contracts?

Daniel, need to check with your fund administrator with respect to related transactions if you are partnering on deals.Next, yes, expenses should be allocated to the property specifically as that reflects changes in your basis and income from that activity. 

As an out of state owner, I need someone who can ensure that this transaction is completed properly, and can advise me along the way.My buyer is also in need of an attorney for their part of the transaction.   

Hi Everyone,I am pretty new to BiggerPockets so this is a first for me.I am in search of a Real Estate Attorney who has done "Subject to" transactions in the Dallas Texas Area.I know google is a good way to search but i prefer a referral and maybe someone local.

My only concern would be if doing that would make the pruchase and non Arms length transaction. 

You can look into transactional funding.  

Transaction costs are another negative in NYC, so you really have to get a great deal to make the numbers work.