Make sure to conduct a title search to confirm the seller has clear ownership of the property.

The church building is old and is starting to fall apart, so the property is currently red tagged now.

Just make your lender and title company are aware of your intentions for title/deed prep and loan underwriting purposes. 

As it says in the title, I am new to real estate.

We take title to them in a double close and do all of our deals with Cash or Hard Money only.

(adding the layer of privacy) If the LLC is owned by the holding company, and you purchased these other properties in the name of the LLC, then all of the documentation should have been taken care of between the bank and the title company.

There are DSCR lenders that do not have any title seasoning requirements on a delayed purchase refinance.

That's an extra $16,500 for next investment i.e buy a property with extra $66K price tag. 

If you reach out to a local title company, they sometimes do a basic title search for $50-$100. 

( https://www.imdb.com/title/tt1613092/ ) on Netflix with a professor, Daniel Gilbert, from Harvard University.He and I got connected here on another buy-and-hold project but shared this approach, and it's got me wondering - could this model work here the U.S., especially in places  where there's a push for sustainable and community-focused living?