I need a creative deal structure- So many options with this one!

[Dakota Adney]

Hey BP!

I just got a house under contract at a great price: $64,500, estimated ARV $136,900. It will need at least $30k worth of rehab, but still could be a perfect BRRRR. My personal capital is tied up in another BRRRR at the moment, so I will need to find a private or hard lender to complete it... Which would ultimately eat some of the equity I would get in the BRRRR.

A family member told me they LOVE the house and wish they had won the contract. They're looking for a fixer-upper and don't mind working on it while they live there. How can I take advantage of this? 

Here are some options I thought of:

1) Close, re-sell to them with owner financing enough to cover my mortgage and still cash flow a little?

2) Lease at a lower rate if they pay for the rehab while they live there?

3) Sell it to them outright for $75k after I close?

4) Assign the contract?

Open to anything OUTSIDE of the BOX!