This requires an independent appraisal valuing the property at $400k and proper documentation from the seller confirming the $200k donation.Ensure the church is a qualified 501(c)(3) entity, and consult your tax professional to comply with IRS rules.

Careful going outside state lines -- contract for deed is not allowed in Texas.I didn't think COD is illegal in Texas, just perhaps not recommended anymore, because it is difficult to comply with the rules or regulations. 

It must make selling a house IMPOSSIBLE until its paid off since the same issue sounds like it would apply.

And if its commercial your not hamstrung with all the rules laws regs that buying owner occ paper has.So hopefully those considering these types of investments will look further than U tube and who the sponsor is and what is the reality of saving the collateral..

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

A very attainable "deal" in my area are houses that would follow the 1% rule.

And the best part is that I haven't had any missed rents because people weren't able to apply. 

I'm not sure about the other rules at the moment. 

Here's basic rules :If cap rate is less than 5 year yield, never invest to any commercial real estate.