Can I rent from the person that is buying my house?

[Yadira Gutierrez]

Hello BP Community,

I am in a little bit of a dilemma, looking for advice from the ones that know better...

Here is my situation:

My house is up for closing the second  week of July.

I have been wanting to buy a HUD house. Unfortunately, I haven't found a registered broker that I can count on.

I haven't  found anything on the regular market either.

I desperately started looking for short term rentals. They are way too expensive. 

I looked into rental communities, which are expensive as well and also requires 12 month lease. I would not like to spend my money on rent and make a long term commitment  when I want to buy as soon as possible.

The family that is buying my house told me that I can stay after closing if I need to. They are in no rush. However, I have been warned of some legal issues. Additionally, I need the money to be able to buy another property.

Question: Can I make my rental legal with the new owners, so we are both legally safe? Like a month to month lease... starting the day of the closing?

Looking forward to hear from you.

Thanks!

Yadira