. - Not many families need that many bedrooms, so you can either rent for the same amount as a 3-4 bedroom home or sit on it for several months to find an ACCEPTABLE family that needs that many bedrooms.

I'm not sure if this is applicable to you, but here are some references: - Is Selective Enforcement of Restrictions Acceptable? 

I thought I would have more time when I purchased the home, but recently accepted a promotion.

I think you can use this as a lesson learned to not accept anyone without reviews in the past.

Interview qualified contractors that are licensed, accept various payment methods, provide a warranty for their work.

Also if you have any other suggestions as time isn't my buddy at the moment.100% acceptable.

I made an offer on the home and it has been accepted. 

You have holding costs, he's got bills to pay.You're upset he's taking other jobs, he willingly accepted a low price offer from you.

@Faisal ZamanI would suggest accepting rent payments only by money order or cashier check to avoid issues with returned payments.

It's all going to depend on the IRS being willing to accept the addition of cash to the settlement statement to equate a replacement of the FIRPTA withholding.