I'd act as the general contractor and work out some final details. 

Although making sure you aren't spending more than market value for the property is important but making sure the numbers work out is more important.

Under the circumstances it's not like you're going to execute a contract with the seller and assign it to your buyer, so you may want to work out a partnership for these potential deals... in advance of the meeting.

I am assuming you are hiring/subbing the work out?

talk to all the congragations/worship groups in the town that are smaller than this church and see if they are looking to upgrade their building. post advertisements for it at all the seminaries in the state looking for someone wanting to start their own congregation. maybe work out a deal where rent is based on congregation size that allows them to start out at low rent.

Time either facilitates the workout with secured parties or allows owner time to sell at retail.I certainly agree with contacting the lender... through BK/foreclosure atty.

They think something will work out for them.

So here is my break down..The seller wants 5k to walk awayLien 1 10kLien 2 2kRepairs are about 10k Loan Balance 58kThe property Rents for $1100Mortgage Payments $442Arv 95 - 100kI was thinking that I could work out a subject to deal but the only way that I see this working out is if I can get the leans dropped and get the seller to walk away from it for nothing.

So here is my break down..The seller wants 5k to walk awayLien 1 10kLien 2 2kRepairs are about 10k Loan Balance 58kThe property Rents for $1100Mortgage Payments $442Arv 95 - 100kI was thinking that I could work out a subject to deal but the only way that I see this working out is if I can get the leans dropped or negotiated down and get the seller to walk away from it for nothing.

If I long term rented it, the numbers would not work out and I would be lucky to break even.