Scrap iron gets you about $0.10 per pound, and that is what the boiler would be worth.  

Don't be penny-wise, pound foolish and end up spending more in carrying costs than what you saved waiting to get the job completed.- Buy the materials yourself and only pay the subs after the work is complete.  

Some additional thoughts were to turn it in to a group home and just collect rent (typically higher than fair market), re-rent it and throw additional principle at the note each month to decrease the potential loss then dump it when I'm comfortably low enough.Trying to get creative here....ill keep pounding the pavement.  

Let me explain -In January I had a freak gym accident - I've never been a gym goer but with the advent of my 2nd child I decided it was time to get healthy for my family, I was 315 pounds and really over weight so over the last 8 months I've lost 82 pounds but that's a story for another time.

it's health insurance that is the 600 pound gorilla for me. 

Minor pre-amble:  I'm just politely arguing, making a point - not pounding on the table here.  

You have to really analyze where the project could go bad and have contingencies in place in case you run up against them - i.e. the house doesn't sell, you have unexpected costs during projects, what the SOW of the project will entail, what your marketing costs are (his wife as an agent will help minimize these costs), what if something unforeseen happens and you cant finish project, whos name the house will be under, and that might determine who will be able to pull permits if needed, etc.Anyway, you should spend A LOT of time going over "what ifs" and sit down with your attorney and pound out these details.

I just got to keep pounding the pavement until then.

This way you can get something from them that's reasonable without running the risk of unwanted vacancy. 

Housing Authority of the City of Bayonne (373 NJ Super. 302, 861 A.2d 194 (2004)), the court held that a landlord could not impose a 20–pound limit that applied to pets in a public housing authority to prohibit a tenant from keeping a dog that provided emotional support but that happened to weigh more.