That's an important niche that our aging society needs.  

Price does create perception.

What are you perceptions.I think they are trying to build the perception the market is getting back on fire and the deals are almost gone, last chance kind of mentality.

I have no personal experience buying/leasing/converting a church, but I found these two reads interesting.http://baltimoreguide.com/http:/baltimoreguide.com/local-fitness-guru-establishes-a-new-kind-of-sanctuary-in-fell%E2%80%99s-point/andhttp://articles.baltimoresun.com/2013-12-18/entertainment/bal-baltimore-theater-communitys-most-memorable-experiences-of-2013_1_baltimore-performance-kitchen-ian-tresselt-baltimore-rock-opera-society

I don't know anything about College Park, but my perception is that it's a different market altogether than Buckhead.Having said that, I would never, ever buy a condo for investment, anywhere, any time.

For example, the IRS may tell you that carpet lasts 12 years while the American Society of Home Inspectors might tell you 15 - 20.I prefer to use HUD Guide to life expectancy.Even still, this doesn't mean carpet will wear out and have to be replaced every 5-7 years.

The problem with our society is if you do it free they don't value it.

The prices are lower in the area due to the perception of 61st and Peoria so you can buy lower and get in at a better sales price/rent multiple but the same perception will limit you when you sell so don't expect the perception to go away.

I get the boarding house perception, which I'd like to avoid via quality tenants. 

I speak with minimal knowledge towards trusts.Will they protect in todays get rich quick society?