DADU opportunity but primary home has tenants & Seller wants buy-back provision

[Morgan Iacolucci]

Hello! I found a $600k SFH in Seattle on a corner lot with enough room to build a DADU (will sell for $600k). There are two issues (opportunities?) though; (1) there are tenants in the house on a two year lease (payments are enough to cover mortgage payments), and (2) the Seller wants the option to buy back the property in two years. The Seller needs $200k now in order to get out of debt. In sum, I need the land for my DADU, and the Seller needs $200k cash. The Seller has an emotional attachment to the house. I'd need to finance with hard money. I'd like a Seller carried note to cover the down payment for my hard money loan. Thank you!