Purchase price: $320,000 Cash invested: $5,000 Sale price: $420,000 This property was acquired by the owner of a historic church that they could longer afford due to back property taxes and code violations.

Well @Timothy Church you learn something new every day.

Areas I'd look into would be Falls Church, Alexandria, and Annandale to give you the balance between the relatively cheaper price points while also keeping you inside the beltway

If you have a large warm market  IE big family  big church connections work connections real estate sales can work.  

So you would sign a lease with the church and they are the tenant?

The other thing is I assume the church will handle utilities? 

@Allen Hodges, I am currently looking for a property manager in the Fairfax/Falls Church area of northern Virginia. 

If my grandmother was not stuck on living close to her church, I would let her live in one of the units and just pay the HOA/utilities. 

I am researching a deal with a small church building that was built in 1930 and is now zoned R1 but is a corner lot and eligible for a Change of Use application for other uses that don't harm the neighborhood of mostly single family houses.

Hello,I found a really good deal on a small 3 unit commercial property but the hard money lenders that I reached out to stated that they would not lend to me because the property has a church as one of the tenants.