Is the business cash flowing and able to handle debt?  Or

NOTE: The limitation period is tolled (stopped) for any period during which the debtor is absent from the state and each time a voluntary payment is made on a debt arising from a written instrument.Almost all other actions fall under the 4-year catch-all limitations period, (F.S. 95.11(3)(p)).

IE credit card company already has the judgment.they do exactly what your talking about.they wait about 9.5 years.... by then the debtor figures that debt is long gone. and if they have not filed BK these guys move in and file their garnishment and clean out their accounts.. they have very sophisticated tracking programs etc... debtor gets the shock of their life.. they will usually also negotiate and give back some money so they don't end up on the street but they get a payment plan out of them with some money down.they buy this debt for 5 cents on the dollar generally.. which of course is what you need to pay if your waiting that long and going through the collection effortsI am not sure on the RE notes..

This deal is complicated as the OP has indicated that they have completed $60K in repairs@Elizabeth PharisHave you spoken with the heirs as they obvious provide the simplest solution provided the estate has no other debtors ?

The problem is that, unlike holdings in real estate in my own name, I have found it almost impossible to find lenders that give credit for interests in debt or equity syndications.

I say that also based on if you would then apply the freed up cashflow toward positive things, such as paying off more debt or building equity or purchasing assets.

It's up to you at the end of the day but like others mentioned I would defiantly run her credit and background checks in addition to her fathers as she may have a ton of debt or bills that she hasn't paid and will give you aaccurate picture of her

NPN seconds  are a niche that one needs to do as an advanced strategy and have scale.. sandwich lease options like your talking about are frankly fraught with danger and are guru pitchs and coachs who try to sell this stuff so they can sell their coaching.. remember you have all these folks who have small capital and what ever reason they think they should somehow put it into real estate.. when in my mind many would do far better looking to create a business that makes them some real money not just a few hundred a month on the delta while risking cash and taking on massive debt or worse buying sub too and getting a seller all twisted up because you don't have the money to execute.

A month ago I received a notice from the court that the Debtor has filed a "Request to Make Payments." 

You can get it under contract but if you can't close it by either paying off the debt or securing a short sale approval you'll never be able to move it.