Assuming seven years remaining and you want some margin of safety against rising rates and the fact that you don't know a lot about the credit worthiness of the borrowers (though you should see their files as part of DD) I'd have a required return of at least 14% so that makes the notes worth about $73.5K Another option is not buying the notes at all since you don't know if they are SAFE act compliant and you can avoid the hassle/risk.Total price: $330k-$450k, but you'll put finer point on that once you get into DD.

Just curious @Stan Pace why you want this or are you thinking you need to to be compliant?

BYW rents are used to improve our own properties now. my appraised value on one building went up to $300k just last year by spending money to make the building a Healthy home compliant tenants will now pay on average $300 more per month to live in We test all indoor air quality and water and will be offering what tenants are now asking for. 100% green sustainable energy and electric vehicle charging in their units own garages.

Under your master account, the tenants will have "sub-accounts" which will hold their deposits, thus keeping you compliant with the law.  

Does anyone know if these are 1031 compliant?

If this is a Islamic Buyer following strict principles of Sharia, you will likely need to locate a "Shariah-compliant" home lender.

Oh, I remember the lender told me if we weren't fully compliant within DIRT...

Someone with a true need will be compliant with your rules and won't mind providing documentation.

For its members all forms for all PM needs are free and Fair Housing compliant specifically for California.

You already established a terrible precedent by being overly compliant to her misbehavior and have now enabled her for further complaints.