Then we would like to knock down the church and build a duplex on this parcel.

I know exactly how this company and franchise operates.

This is truly a fantastic place to connect, learn, and continue growing your real estate knowledge and network.Keep up the momentum, and feel free to reach out if you ever want to share more about your journey or need advice.

This is an alternative for people who don’t have non-retirement funds to invest.

This one was a fun one, with no real major issues, just needed a lot of repair and updating.

I understanding is the TN has some crazy rules and regulations that complicate this process. 

This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk management.

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.

Here is an excellent article on housing market expectations on appreciation from one of the world's top investment banking firms Goldman Sachs: What are some of the big differences you’re seeing among US regions?
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I only have one rental unit.Hope this helps