Not a day goes by that I don't get a question about rent-to-own properties.
Rent to own is a horrible, horrible, horrible idea for the buyer. The homes are typically in bad condition, the seller charges rent that's far above the market, and then looks for ways to evict you and keep your deposit. If/when you default, they'll just sign up the next buyer. From a seller's viewpoint, rent-to-own is genius! From a buyer's standpoint, it's a nightmare.
The owner of your house won't want to sell it to an investor. Why would he? He's in this thing to make money...off of you. And if not you, the next buyer. And the buyer after that.
The bottom line is this: If you can't live up to the terms of the contract you signed, you'll lose your money. You have a year to qualify for your loan. That's your best way out of this.
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