Would you buy this SFH?

[Thomas Handy]

I found a 3br 1000 sq ft home with garage that an investor would sell rent to own for $75,000. No repairs are needed. The seller is asking for 3 or 5% down with monthly payments of $700 and he would finance the property. Could this be refinanced since the seller's rates appear to be above 10%? I'm looking to turn this into a rental and rents would be around $700 to $800 month. Would you buy this property?

Thx,
Tom