Lease to own, rehab, refinance

[Charlie Lindland]

Hello BP family, I’m looking to buy a duplex using seller financing for the duration of the rehab which I would pay for in cash, then refinance to pay off seller. However, the due on sale clause poses risk of foreclosure. My question is, can I get around this by doing a lease option for the duration of the rehab (1–3 months) then refinancing to pay off the seller. My thought is that a lender wouldn’t allow me to do a cash out refinance since I don’t technically own it yet, (or maybe they would?). I don’t see anything wrong with this but I’m no expert lol. Any thoughts would be very appreciated!!

Thanks, Charlie Lindland