Since all probate laws are by state, it will depend on where the probate is being administered and the capacity, powers and authority that they seek and are granted.An informal summary probate has the advantage of a short(er) duration but does not provide for any interim powers to sell until distribution, unlike a formal probate.Your best course of action is to seek to connect with PR 's having big issues that are difficult for them to solve.

I made an offer on a piece of property recently.

Guilty as charged on the Engineer piece lol. 

.), but may have had some property based vouchers, I don't recall that detail.As others have stated, the potential downfall of this financing is your exit strategy, as piecing them out could be a headache.

A piece of information seems to be missing in this story.

Any one piece of real estate may not come back, but the market will.

You might try calling some local PM firms and finding out if they are willing to piece-out their services, perhaps finding you a tenant or performing showings for a fee but leaving the month-to-month to you.I have come up with a lot of methodology on my own and borrowed a lot from other landlords, particularly some of the principles from "Landlording on Autopilot" by Mike Butler. 

You definitley have a leg up already knowing bits and pieces of the construction part of flipping, should make for a smoother learning curve.My quick advice to you would be to find what market you want to invest in and just research and network that market as much as you can.

I like the first idea the most because of a few simple words - piece of mind.

No matter if you place your machine in a high end place or a low end place, both groups of people are probably only going to see so much value in a piece of gum.