Very excited about the opportunity and build-out.

A person can easily become discouraged by the pace of wealth building and take risks. 

I would like to talk to real estate investors and see if I can build a list that way.

Torn down because the area is that bad or the building had something wrong?

Build up cash. 

I think most LLs forget about the exterior of the buildings looking good, but you're right - you want the tenant to keep things nice, give them some pride in the outside for starters....

You'd most likely have funds to do something interesting in the area and maybe build on a lot you divide with the right financing.

I bought a primary house here( new build townhome) and currently turning my basement into studio so I can rent that out short term.

Speaking as a lender (not investor) with some experience in small balance commercial lending, I can tell you that it is likely going to be tough to find financing most likely as a lot of commercial lenders tend to stay away from churches, although could be more favorable if the building is true retail/office rather than a structure built specifically in the style of a traditional church (i.e. hard to transition to other tenants if needed)

Well if you live in a massive apartment building the debt that underwrites that building is likely a commercial loan wrapped into a security instrument.