Seller leaseback vs. extending escrow period

[Sean Bramble]

Hey BP! I'm in escrow on a property and the seller has asked to stay for an additional 2 weeks before moving out. What are the pros and cons of doing a leaseback to the seller vs. just extending the escrow period?

Also, are there any other creative strategies related to leasebacks I could use to alter the mechanics of this investment itself? Can't really imagine how that would work, but anytime money is changing hands I assume there is some opportunity to factor that into my loan somehow? Long shot, but wanted to ask the hive mind just in case. Thanks everyone!