If you have a signed contract that the buyer cannot perform to, I would be inclined to give him a VERY short grace period to try to arrange alternate financing.

This type of arrangement is often used for buyers who do not qualify for a traditional mortgage.Lease Option: A lease option is a type of rent-to-own agreement where the tenant rents the property for a set period of time, with the option to purchase the property at the end of the lease.

We successfully arranged cash-for-keys and the previous tenants were quickly out-of-site-out-of-mind once they moved out.

So if I can arrange it there will be a short walk. 

But @Avery Carl and @Luke Carl you've got a pretty good arrangement going on too... :) (don't know why it won't let me tag you, Luke!)

It may delay your eviction and imply to the judge that you have a payment arrangement agreement.

I am just beginning the process to arrange my financing for purchasing my first investment property.

The trick is that our AI can independently recognize rooms on the floor plan, based on this automatically arranges furniture.

I've seen this arrangement backfire on others, as well. 

It is defined as the following.Boardinghouse, rooming house, lodging house and tourist house shall mean a building arranged or used for the lodging, with or without meals, for compensation, by individuals who are not members of the same familyAdditionally, zoning ordinances prevent SFH and most MF to operate as a rooming house.