I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?

We had a satisfactory arrangement -- she's been there long-term, is low maintenance, and only one person in a large condo.

If they have enough pride to water the grass flowers they will still do it even i they are paying the water bill.I think paying for utilites would lower your NOI.

You've turned the duplex into an SFR, let them figure out the living arrangements.

That entails both money and time, and she may not have had the opportunity to expend either within 5 days of the divorce.Were I in your shoes, I'd engage an attorney to draft the quit claim deed, inform the ex to contact the attorney's office and arrange a time for her to go sign, and that would be that. 

Also, your first lender may balk at said arrangement immediately after closing.

I'm looking for help analyzing this creative sale arrangement.

@Lena Claybon I have an arrangement with my personal bank (small & local).

@Ivy Flowers - can you be more specific about area?  

This gives you time to arrange for repairs.