If you like it you have locked in your price for the future. If you find the market has gone down, try to re-negotiate the price when your option is up.
I have a great lease option avaliable with 5200 sf, five bedrooms and three baths. You could lease it for about 2300 per month.
I would look into a tax lease as an alternative. This is a standard lease where the landlord would let you take the tax deductions from the property. You would not profit from appreciation but will there be any significant growth in the next few years?
We wished that people had warned us, how close they are and sorry to say "sneaky"
Inge and John.