Experience renting back after purchasing?

Does anyone have any experience renting back to previous owners after purchasing a house? Husband and I are looking to buy a house. We made an offer of 325k with 3%. The current owners came back with a counter offer off $325k with 1.5% closing but they want to rent the house back to us until the end of September. They would pay us rent (however much our mortgage is). What are the pros and cons of this? Is it worth doing or should we shy away from it?

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