Flipping to rent to own

[Andy Pembleton]

Hey so I've had an idea for doing a rehab and rent strategy and was looking to see if anyone else has had a similar idea or has done it before.

Basically I was already considering the idea of seller financing to flip a house, but in addition, using the arv to negotiate a rent-to-own plan with a new tenant. My loan gets paid off to the previous seller, and I take home the surplus of the rehabbed value. The tenant is then using me as a middle man to pay off said "mortgage" and does all the upkeep work on the house and pays their own utilities like a normal homeowner would.

Does that make sense? Is it possible to do?