In my area the town is offering $157,000 subsidy per one bedroom unit to repurpose a church and a meeting hall I’m interested in converting to about 25 apartments.

People who bought at the top of the market within the past couple years and have listings that aren't performing well are going to freak out and either decide to sell, repurpose the home, or find a cohost/property management.

Its exterior is characterized by the timeless elegance of all-brick construction, exuding a sense of durability and classic appeal.

(Rehabs are the classic example of this because you’re hoping you know the true cost of the rehab better than the seller.) 

The model also states serious delinquency negatively affecting credit score and there are no delinquencies on her credit from any reports I'm able to access and I know there shouldn't be because I help manage her credit/finances.The models used were Transunion/FICO Classic (04) for her, and for me Experian/FAIR, ISAAC (VER. 2)Is this normal practice?

You are about to make a classic mistake and switch out a pro for an amateur that convinces you that they also invest.

Banks are hard to repurpose, offices can be hard to lease.

Classic cars at the other.

There have been a few projects around my area where large grants were used to repurpose space. 

Classic example is what qualifies for a B or C neighborhood, and what does D look like?