Doing this will cause you to loose the eviction.

I’ll ask around for you to my guys here in Muncie... it’s a small town if he’s done work one of my guys are bound to know him.

If you quit-claim, you might loose the title insurance protection.4.

One of the first things I do before even considering furnishings, is update the utilities that are bound to fail, especially if they are old. 

Scrap / grind out loose material and fill with drywall mud. 

check this "opportunity", ...to loose money that is, for 2.3m you can get $138k of net!

I've always liked the idea of paying things down, but that does not mean your loosing that money at all, its just sitting somewhere else and giving you a safety net at the same time.

4,000 square feet is a lot of house, the bigger the project the more unexpected rehab items you are bound to find along the way (especially in older homes)  If your intention is to buy it as an investment I would walk away. 

You would not be "loosing money" for the year you are living there.

I think you need to push for as much as you can but you also need to propose loose terms and be ready to negotiate.