Tips on: seller to become tenant during search for new home

[Daniel Giacomazzi]

I’m in the process of purchasing a rental property in which the current owner (who is also currently occupying the property) will lease month-to-month as she searches for her new home. The rental rate is high enough to justify having a month-to-month lease and motivate her to move out.

Hoping that the BiggerPockets community could share any tips that may be of value for a situation like this. Repair negotiations, certain details to add to the lease, pet addendums to the lease, etc.

Thanks in advance!