You are right to be concerned.
If this seller has a million dollar vision and a ten dollar budget, you may have a permanate resident.
Most professionals would recommend the house be empty, unoccupied on the day of closing. Violating this advise sets you up for a situation that can cause you great harm.
GET a BIG DEPOSIT. This will fund the eviction is needed
Impose a escalating, punitive daily rental rate.
Buy a lottery ticket. If you get out of this unharmed, it will be your lucky day!
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
Serious people call!
Serious people need reliable data.