For this example it looks like I would need to buy it for much less than asking price if the numbers stand right, can an experienced rental/flip investor look and see if these are sound?

It sounds like you’ve got an exciting plan mapped out, and I love that you’re thinking of starting a property management business while building your own portfolio—that’s a smart move.

sorry sounds like your two for two on bummers right this minute hopefully they turn around..

Replace rear siding but not the other siding.

Sounds like an interesting Business model. 

It doesn't sound like that has happened here because you keep saying you want to transfer it etc...essentially you want to give them the property, because right now today they do not own it and have not completed AP...you're doing their job for them. 

•Systems: Servicing the HVAC system, replacing the water heater, and updating the electrical panel.The renovation was completed in 13 weeks and totaled approximately $35,600.

It's important to remember that all the analytics in the world cannot replace the human touch.

It sounds to me that your current lender is offering 67% LTV, which is the norm for most true hard money lenders. 

@Angelica CrawfordHere's a very helpful article about replacing the value of the debt: https://www.ipx1031.com/replacing-debt-in-a-1031-exchange/