The homes built in the 60s and 70s are not going to be as turnkey as the ones built this century.

This implies your limited assets go much further locally than OOS.You live in a market that has produced near top in nation return for buy and hold for this century (source Case Shiller). 

I prefer investing in Ohio because of the cash flow I suspect the average rent to purchase ratio is better in Los Angeles for a purchase in either 2000 (for this century) or in 2011 (for the last decade) would beat the average ratio for any major city in Ohio including Columbus. 

It's the power of compounding.Einstein once referred to it as the greatest invention of the 20th century. 

It was Edmund Burke in the 18th century who said “evil prevails when good men fail to act”.

We all have an adjacency bias to major price drops due to the GFC, but that was a once a century type event.

Einstein, when asked what he thought the greatest invention of the 20th Century was, he said, "Compound Interest". 

The other is filled with clean, mid-century chic furniture.

As it stands, the layout is good overall but has some of the classic goofy mid-century design factors, and I am working on updating the kitchen and drywall as we speak (floors and bathroom are updated). 

I doubt you can turn a centuries old church into a desirable multi-family.The front doors in the one's I've seen are 3 inches thick and must weigh 800 lbs each, with huge heavy hardware.The insides are cavernous, and they have enormous air powered antique organs inside.And the bells might require special insurance policy until you remove them.They also tend to have very steep slate roofs with pointy parts holding huge crosses on  top.Not all but some are like this.Special purpose buildings, probably better to be used as another denomination church.It seems like you could cut it up into rental units, but the renter desirability would probably not be there for most of them.Just my 2 cents.Drone flyover of a Detroit church: https://www.youtube.com/watch?