In doing so, the price will go up a little bit and the end date will, of course, be changed.Can this be done with a 1 page word document i type up stipulating that all terms of the previously signed lease are in effect with the end date being x/x/xx and the new monthly rent being $x,xxx.00?

It’s commonly still considered to be a perceived value, much like a pool, and only worth what someone is willing to pay.

And they have signed a contract with the buyer as well as vetted their finances.

I signed up for the life-time membership (about $600) ...so worth it!

A couple weeks later, I signed the contracts.

The wholesaler agreed to take my offer verbally but never returned the signed paperwork and ended up taking a much higher offer. 

It is subject to probate court confirmation but the auction house says that that is just a formality, there's no real sign off and what it goes for is what it goes for.

Personally, I wouldn't buy it unless I already had a church willing to sign a lease before I close.

Your contract terms should include novation/assignment language to your anticipated LLC as the title holding entity, hence Scott's advice above - once the LOI is accepted but before the PSA is signed (although you may not actually form the LLC until later).

Marie Tai Thanks for linking that site, I just signed up!