My one word of caution (from personal experience) a church is a risky venture due to the nature.

Bedrooms require access to natural light and natural ventilation.

Assuming that all the proper documentation and procedures can be hashed out ahead of time, it still doesn't seem to be much skin left in the game for this to be a truly solid Sub-2 deal.   

Ive been a full-time Realtor for the past year or so, and have come to hate the transactional nature of being an agent.

While I suppose your cash on cash return is infinite, how does the property cash flow with the payments from a loan of this nature?

There is also something to be said about your natural skills as an RN, mother, and woman.

Naturally, I am extremely on guard now and don't want to take the seller on their word at face value.

Hi gang.  Just starting out and have done about a dozen property analyses using the Rental Calculator tool. The BP calculator lets you save the results which is great, and I know you can set Reminders.  But now that I...

Be ready to start eviction procedures as soon lawfully possible if rent is late.

Waiting for inherited tenants to naturally leave on their own would likely be very expensive and financially infeasible, but perhaps there is some middle ground between waiting and asking them to leave immediately.