Buying a new construction model home?

[Chrissy L.]

Hello BP, I've come across an opportunity to buy the model home of a new construction development. The developer will use it for another 12-16 months as their sales office while the homes are still under construction. If purchased, the developer will essentially pay me rent until they vacate. With the most conservative analyses, it's a healthy cash flow. At the end of the lease, I plan to treat it as a rental property, or use it as a primary residence. Has anyone out there had a similar experience? What are the pro and cons and what are the key questions I should be asking in advance? Many thanks!