Welcome Dallas, your plan sounds good and I can't recommend enough that you go through the Ultimate Beginner's guide at https://www.biggerpockets.com/real-estate-investin...You probably know it's a great starting point, combined of course with the BP forums and the experienced and helpful folks in here.Best of luck!

Now the sellers son has decided to stay and squat at the property for another month til the end of september, with the exception all of the escrow security funds coming back to me (buyer), am I entitled to split or give up any of the escrow funds with the sellers son due to him squatting in my new property.

Your in the right place trust me there are plenty of people here willing to help and guide you!

You Need a Budget is a sight that will help you set up a budget and easily keep track of your spending and financial goals.Good luck with your goals, STAY FOCUSED and don't give up on marriage.  

The property assessment in 2015 was around $89k, but the property needs some cleanup done, if I had stayed in Alaska longer I would have done this cleanup myself, and went for about $70k for a quick sale, but we moved due to my parents health concerns before I could do that.

Stay safe and dry out there with this little storm hitting us.Thanks.

I know some investors got out before hand, and that's one way, but what if you stay in?

So all money would stay in my control.

Best bet if he/she wants to stay they must sign the lease or leave the property.

Make sure to read the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing