Once you have enough applications, pick the best one using a consistent weighted matrix (e.g. income, credit score, employment history, landlord history, tattoos, haircut, you get the picture.  

In your example above you could get close to face value of the mortgage but expect a hair cut due to 20 yr term. 

These could be good notes to buy considering some just want out of the loan now and don't want to be investors/servicers any more, and will consider taking a haircut on the UPB to be made whole.  

Going in with a 30% haircut so it meets your requirements, will probably net you a quick decline.There is no incentive that i can see in your post, for a lender to take a lowball offer. 

It seems that I would need to take a serious haircut to entice someone to buy this note. 

We took a small haircut on the rental price due to the fact that we missed September and were looking for either a 10/1 or 11/1 lease, but I'm happy we found a great tenant.

Renters insurance 8. car lease 9. cellphone bill 10. haircut + mani +pedi+facial+massage 11. car insurance 12. home HS Internet+ phone 12. business cards 13.

I am in the process of closing on my next SFR rental and while looking back at the performance of my previous rental, I noticed that I am taking a bit of a hair cut when it comes to the water bill.

If you can't take a $20k haircut and get out with your hide then DON'T do the deal on a $400k house. 6) Decide what you are, a flipper or a landlord.

Kinda like asking your barber if you need a haircut.