Sale Leaseback Issue

[Joel G.]

Hello All,

I'm currently working on a deal where the seller (a not-for-profit) is looking to sell a multi-unit property; however, they would like to keep the current tenants (via a sale leaseback) until mid-2015. I have no issue with this; however, since I'm getting a conventional loan (assuming owner-occupant), I'd need to occupy the property within 60 days COE. 

I'm wondering what kind of additional avenues to purchasing this property I should be considering. I've already thought of "buying" one of the leases; however, I want to make sure I have some contingent plans. 

Maybe there is a way to structure the deal where I effectively purchase the property today, but move in once the lease terms are up? 

Any thoughts/ideas?