Is it not wise to use them at all?

I was exploring possible options for this method.

But, if the Seller only considers the market (commercial) cap rate rather than sold comps, that might work in your favor as far as purchase price, and, you do still have the option of financing both of them at (a lower) conventional residential interest rate, rather than commercial!

First off, not sure if I have a deal, but if I deal could be made the 2 old ladies who are the owners would only make it with me because I have taken my time over the last 4 months to get to know them, met their families, went to visit them at an old people's home, etc.

Unfortunately, I can't afford them at the moment.Cheers!

Having grown up as the generation after the so-called "Lost Generation" of post-WWII Germany, one might want to explore why Europeans and other countries have a different stance on privacy issues. 

(Knowing that I have to buy from them at pretty much any price to be able to do anything with the land.)

My own exploration/study found that IF you could get a property for $60k in the Midwest AND rent it for $700, that the state tax man was gonna take $200-$300 a month in property taxes.  

@Chris Williamson - I have not yet explored this strategy.

I would explore the gifting route if that's possible.