But the IRS has said that it is not appropriate to purchase from a related party when the purchase is an attempt to avoid tax. 

AT MOST you rent it out for 2 years and then sell it but honestly you’re probably better off just selling it.Assuming zero vacancy and zero capex you’re going to make about $12k/yr.

Wyoming has no state income tax.4.

I am just a bit thrown off when he started to mention the price plan.

usually off market, not on.

Every little thing in the project should be in writing, even down to the door stops :-) See my tile spec sheet below ...Two problems with your post though - 1) In my experience, most problems come from the customer changing their minds constantly.

Might be a possibility to pull off the aluminum siding and repaint? 

Trading off current cashflow for principal payoff in the future?

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Your payment will be based off the interest rate--not the APR.