(1) You will likely need to give a reduced rent to the tenant for the inconvenience.
(2) A written lease spelling out month to month tenancy is important.
(3) The law will require 30 days WRITTEN notice to tenants prior to vacating (closing). The written part is important.
(4) You will need to let the tenant know that the house has to be kept very neat and clean. A messy tenant will make the house difficult if not impossible to sell.
Talk to your listing agent. They can advise you on how to proceed.
The other answers interpreted your question as meaning you already have tenants in place. If so, their advice is good. However, often there aren't tenants in place yet. In that case, the answer to your question is "Yes" without the drawbacks they cite.
You might also consider offering it as a lease-option. It can be listed as both for sale and for rent, but in the agent's notes there can be a comment that the seller (or landlord) will consider a lease-option.
Hope that helps.
Most tenants, at least the ones worth having, are going to want stability and at least a one year lease. If you insist on keeping the house for sale, you will probably just attract tenants who are unstable and may trash your house.
Would not have to be that way, but I would certainly recommend a real thorough back ground check in any event.
It is difficult to rent like this. Most people are looking for stability when they rent but at the same time a buyer will want to take over as soon as possible.
Three month rentals are possible but please be up front with the renter that there will also be people entering the home (with 24 hours notice) as interested buyers.
A one year lease will tie your hands in trying to sell the place.
It all depends on the property and your need to cut loses.