It's not the rent to own / lease option you're looking for but it might be better. How about a 2bed/1bath house (in good condition) for 25% -30% below Full Market Value? I don't know if you can (or want to) qualify for a loan but the loan payments would be much lower than the $600-$700 rent you mentioned. Also, as you may know , the banks base the amount they are willing to loan on a property on what the property is worth and usually only allow loans of 80% of Full Value. If you pay less than 80% you don't need a down payment and could even get CASH at the close of escrow. I don't know your situation , but if this sounds like something you
would be interested in, let me know. thank you, Erik Overn investaos@rocketmail.com