well assuming it meets the QM rules for owner occ.. etc.the scenario you presented is not a very attractive note unless the discount was HUGEPV is what investor look at.... what rate of return they want and in notes its usually 8 to 12% APR but with 100% leverage most investors will only pay on face value about 60 to 70% LTV ... so right off the top you would be taking a substantial hair cut.No secret what your trying to do.. but I surmise you will very quickly realize its not realistic .. the discount would be such that it makes it a no go.If your thinking someone will lock up their money for 10 years at 5% well thats not going to happen especially at 100% LTV... 

It produces 6% return.

I doubt they will return and sounds like since your most recent post the time has lapsed so you can enter. 

When I analyze condos for deals I am looking for a 10% return on investment.

I'd let it go to a month to month and if there's a problem down the road you can easily terminate the lease.Gail

In my newbie opinion, at least in the areas that I monitor, in order for a flipper to make good returns now, the MLS retail price of homes will need to continue to appreciate another 15-20% within the next 12 months.

If it makes you feel any better, 40% over that time period is actually a really bad rate of return, provided you bought cash.

I can give you my two cents, i see alot of foundation issues and most can be fixed fairly easily.

Once you do take it to an investor in your area and ask to split it with them in return for some guidance through the areas you're unfamiliar with. 

As far as comps go, you can pool your list of properties and have your VA(s) compile data for you, and transfer it into a form that you can easily analyze.