So are there any specific pros/cons to home style vs choice renovation?

We also work internally to manually check the numbers we get from the model. 

Sounds like you have a model that is working for you, even in a tough year.

We reached out to the guest and reminded them of the rules of our lease and they understood and turned out to be model guests for their remaining stay. 

We were very calculating about our model and used a very conservative approach toward expenses.

I don’t account this upside for in my modeling which says I should see 9-15% which assumes 3-5% appreciation, 2.5% rent and cost growth. 

I will find a way to add this into my model and hope I find some greener numbers.

We evaluate the after-repair value using a gross rent multiplier and a NOI/cap rate model. 

I've also got two models from A.CRE - the apartment value add model and the All-in-One model.

Speaking as a lender (not investor) with some experience in small balance commercial lending, I can tell you that it is likely going to be tough to find financing most likely as a lot of commercial lenders tend to stay away from churches, although could be more favorable if the building is true retail/office rather than a structure built specifically in the style of a traditional church (i.e. hard to transition to other tenants if needed)