Rent to Own units are becoming more common especially since a lot of indiviudals cannot qualify for a mortgage. With Seller Financing options increasing, rent to own is an option that many seasoned real estate developers are considering - especially the cash rich ones.
I do recommend that you find an agent to work with and have them help you handle the negotiations as they can connect with other agents in the business who may know if a landlord will entertain the option. Some landlords may get offended or think you are an amatuer real estate owner (which could turn them off to a rent to own situation), if you offer than a rent to own and they haven't even considered the option.
You will want to find a good attorney, a good real estate agent, and a willing property owner! If I can help you find any of these or help you in locating a property, please let me know!
Travis R. Old
Licensed Real Estate Salesperson
CitySites Real Estate Group
3 W 57th Street, 5th floor
New York, NY 10019
Text/Cell: (347) 601 - 9600