This will be a massively negative cash flow rental (just based on price, but you'll also need to account for high property taxes due to MR and middling HOA dues).

As far as calling the note related to the Due on Sale clause, some assert that this will happen when rates jump up and banks can reap a massive windfall by calling low-rate loans and effectively "forcing" borrowers to refinance to current market rates.

A 70% deal that you are in and out of in 60-90 days is a lot different than a massive rehab that is going to "best case" run 9 months.  

I looked at one  the others day that had massive foundation issues but yet it was only 10k undervalue. 

The good part about practices is that they require less fiscal investment and generally can be better "cash cows" than a business.  

@Curt Davis  Curt not to disagree with you but some very large companies (HIGH VOLUME PLAYERS) did rental guarantee's  I bought paper from 2 of them and one is in massive trouble.. and the other is just hanging in there...

And boy am I glad, this place has massive mold issues caused by a bad bathroom and ac system.

This can make all the difference in the world when it comes to your cashflow for me I have 2 properties that fit this contrast well Property A I pay $7200/year in property taxes and Property B I pay $3000/year which as you can expect makes a MASSIVE difference in my cashflow comparing the 2 properties which have similar financials otherwise.Best of Luck but I would keep pushing to find the niche in your market that can deliver strong financials but doesn't carry the HUGE property tax bill.  

not only will they work hard to get that massive commission, but also the inventory here is so low that most of those places sell within 45 days, if not 15, regardless of condition.  

The lender will be interested in your experience managing properties - or that of your hired management - and will examine your own financial strength to demonstrate you have some acumen and are not a fiscal basket case.