I am thinking some sort of umbrella policy for private property might be a good place to start that would allow us to continue hosting these events without having to transfer the property title to an LLC, especially since we are not going to charge or monetize the concept. 

I've done a little bit of research on this topic as churches seem to coming onto the market at cheaper and cheaper prices these days, and I think as many others have stated here that is because they're usually hard to monetize. 

I am selling it for $25K and after the work is completedthe numbers will look like this:Two hot water tanks (1 for each unit) - $800 x 2 = $1,600One new Furnace - $1,200New electrical - $1,100Two new bath tubs (1 for each unit) - $1,200 x 2 = $2,400Two new toilets (1 for each unit) - $500 x 2 = $1,000Two new sinks (1 for each unit) $350 x 2 = $700Two new stoves (1 for each unit) $500 x 2 = $1,000Two new refrigerators (1 for each unit) $600 x 2 = $1,200New carpet for each unit - $3,000 x 2 = $6,000New paint for each unit - $2,000 x 2 = $4,000Tile for kitchen floor each unit - $500 x 2 = $1,000Total Estimated rehab costs - $22,200Purchase and rehab costs - $44,600Estimated after rehab value - $90K Purchase and rehab equity - $45,600Purchase price equity - $68,000Gross monthly rental income each unit - $550/$550 = $1100Estimated gross annual income - $1,100 x 12mos = $13,200/yrGross annual return - $13,200/44,600 = 29% returnWater/Sewer - $150/mo.Taxes and insurance - $150/mo.Property Management - $110/moTotal Expenses - $410/moNet monthly income - $690Net Annual Income - $690 x 12mos = $8,280/yrNet Annual return - $8,280/44,600 = 18.5% returnEstimated time for completion – 6 weeks (45 days)

I have 250K invested and it will gross 3200/mo.  Net

A list of absentee owners is not a list that you will hit once or even a few times and monetize. 

The building is in a small city and I am considering some options to add value by monetizing the space.I have been thinking about climate controlled storage units or document storage.  

If you find a family that wants to talk and share their story your first step is to let them know you're a realtor, your second step is to find the way to place their house under contract so either listing it or buying it YOU can personally monetize it. 

How might you monetize? 

As a landlord I am less subject to this risk because my tenants will still pay me each month and I can defer monetizing until the storm blows over.

Do you want to monetize the help you give?