Can you help me with a deal?

[Ricardo R.]

Hi everyone... I'm in the middle of a deal over the next week and wanted some input from you guys:

I'm purchasing a single family home (SFR) for buy and hold - to rent out. I have all the numbers crunched and it's a great investment. Here's the issue: the Sellers are having difficulty finding a home but want to sell, so they are asking if they can sell but stay for 6 months and pay PITI (principle, interest, taxes and insurance) at which point I can raise it by $100 every month until it flattens at $1,400 for 6 more months. I need to be at $1,550/mo on rent to meet my NOI/ROI. What are your thoughts?

Essentially they are asking to pay all costs of my new mortgage payment for 6 months (so really no cost to me) and then rent from me for 6 more months at $1,400/mo after which point they will sign a lease for the rent amount I choose or move out. 

How do you guys see this? a good deal to make the sale go through or should I counter? and if so what other options can I give them?

Any input would be appreciated.

Alex