If you are looking to sell your home, don't bother wasting your money, stay inside.

Would he be willing to stay on title until you finish the repairs?

Although you could refinance after a little more than a year (assuming property values stay the same) into an 80% ltv loan, a lot can happen in a year (tenant moves out, roof needs to be replaced, economic downturn, etc) that you need to weather.

@Mike Moe Since they have paid their rent through the 30th they have every right to stay right up until 11:59 p.m. if they so wish. 

Holding back the money helps motivate them to stay honest and complete the job or never start it once you see their true intentions.Some say they need the money to buy materials.

@Ryan BrooksNot sure why the seller would do that as the lien stays with him not the property once you take ownershipAny $ he makes off the deal goes to IRS first do his best bet would be to sell it for $235k and get IRS and mortgage paid off then he never has to worry about itYou cannot assume someone’s IRS liens

He would stay rent free and I would have my own house at 27!

I do believe the tax limit for gifts is 15k but I am not an expert in any aspect of real estate so double check.Is she only interested in getting a return on her investment or would she consider staying in the deal with you.

that is rotten in numerous spots and the frames of the wooden windows are rotted as well.

I am in the Seattle area now, I have a friend who is in Utah, who is also looking to get into investing as well, so I'm not sure if I should stay here or start there.