Has anyone structured a deal to purchase after doing the rehab?

[Sol Romand]

I found a SFH with a seller who is flexible in financing. Has anyone structured a deal to close after doing the rehab? It would seem that if structured right it can benefit both seller and buyer. On the buyers side, it would mean less money upfront, not waiting 6 months to refi, paying costs twice and getting a purchase APR rather than a cash-out refi. I would put the sale price as the ARV with the seller paying my company for the rehab at closing. For the seller it could bring a bigger profit as I could offer more on the sale. Wondering if anyone has structured something like this, how did you do it, and what are the up and down sides? Thanks