I'm new to the forums (this is my first ever comment/post haha) and have just been listening to the podcast religiously for the last 5 months or so and trying to take in as much knowledge as I can.

"In very limited circumstances, the Act exempts owner-occupied buildings with no more than four units, single-family houses sold or rented by the owner without the use of an agent, and housing operated by religious organizations and private clubs that limit occupancy to members."

Mike, I think that these folks are set for rude awakening, Just because there is a Black president in office doesn't mean he "endorses laziness".

I listen to podcasts religiously and have read (almost) all the books on the topic of apartment investing.

So pretty much your only option is to find another religious congregation to rent it to.

I think there IS a religious-based homeless shelter about eight blocks away -- I know they run a soup kitchen.And yet a $7.6M "educational clubhouse" built by a private foundation is going up across the street from my duplex, next to the municipal building/police station/firehouse.The reason that your classification points won't always work is that the kind of activity I'm describing is, in this case, being caused by obvious gentrification next to an obvious lack of it.

Profit is good, but writing big checks to the IRS can be a rude awakening.

Actually you may joke about it but most real estate commissions require the disclosure of any religious solemn's  or paranormal activity believed to be associated with the property. 

So part of the strategy would likely need to be done in relationship with local religious groups who are also interested with transforming their communities.

There is a huge religious based company/buyer in our area and as we all know Pittsburgh's money lies in multi family units, big time.