This is sometimes referred to as a sandwich lease option, pinching both to improve your income.. negotiating skills important.If the buyer wants to back out that's not your obligation to follow through with it if your contracts are worded correctly, it falls on the seller.

Learn about Sandwich Leases, Options, Subject to purchases, Seller Financing, and Wrap Loans.

Key Lime pie and a Biminy bread sandwich; with a Red.

You're kind of describing a version of a OL called a Sandwich LO...but you're missing a lot of parts to it.

Most common contract conveyances that I'm familiar with are:Purchased "subject-to"Master leaseLease w/option to buy (very similar to Master lease.)Land contractThey all vary depending on whether title changes, equitable title, recourse, etc.I sounds like you are trying to structure something similar to a sandwich lease or wrap around mortgage.

Just don’t eat at the subway sandwich on watt ave.

I'm wanting to start some lease option sandwich deals soon, or something similar.

Eating sandwiches and hotdogs, NOT eating out,  we brew our own coffee.

Please educate, or at least point us into the right direction.1 - Flipping is the one that is most obvious.2 - Sandwich Lease Options. 

Sandwich Lease-Options carry a different degree of risk, you have a tenant in there things can go wrong, sellers get ticked off and you can have a fight on your hands.