The right to redeem is inherent in an installment contract not a rental contract.Foreclosing an equitable interest can take on a different form in legalese but is fundamentally the same idea as foreclosing legal interests.  

Fundamentally your mistake is in making assumptions instead of asking specific questions.  

If I feel that the neighborhood is up-and-coming, and other fundamentals are good, then I would still consider something above 70 but below 82!

Hi Jerome,Fundamentally 2-4 unit multis are generally financed in much the same way as a primary residence single family, i.e. the borrower is qualified based on income, credit rating, debt ratio etc.  

I am currently taking RE Appraisal, Fundamentals, and Law at a local community college so I can get my RE License.

Fannie/Freddie fundamentally pay the same for loans regardless of the originator thus the rates will follow a similar trend.

They can fund a deal like this upto 80% LTV.Key is your experience and credit score, deal fundamentals and lots of reserves (more than 1 year's worth).Let me know if I can help.Email on my profile.

He would be teaching kids lessons and fundamentals ADULTS go and pay $40k for!

REGARDING APPRECIATIONI think this conversation is getting a little too detailed on all the great fundamental kickers(desirability, employment, population, etc..) 

If this property still meets your fundamental goals don't drop it just to chase the new thing.