How to structure this deal?

[Jeff Fairchild]

209k ARV
10k Repairs
Some Investors in my area will buy a deal for 70% ARV - repairs which is 136.3k. This does not include my fee of $5,000.
Mortgage balance 127k
Payment $759/mo T&I $208/mo = $967/mo
House would only rent for $1,100/mo.
He wants to sell the home due to tired landlord & wants a chopper touring bike.
He said he is open to terms.
There is still a renter living in the house.

So I'm guessing the best investor for this house would be a renovator who would fix & resell it retail.

It looks like I could structure it three ways.
I could offer $4,300 cash along with taking over his payments subject to, but he wouldn't have enough money for his bike.

I could ask if he would do a subject to and continue to make the payments on the house for 6 months and then be able to offer quite a bit more cash.

I could do #2 above and also ask if he has money for the repairs on the house and pay him even more cash for being a hard money lender.

Do you think these are good options to ask him about?