The Lease Option is a good way to help minimize the loss from paying a mortgage on a vacant house, but the reason most people who rent to own want to rent to own is because they can't get a mortgage. In reality, something like 10% of lease options actually end up buying the house.
Some people who lease option are very qualified, but strange lending requirements make it impossible for them to get a loan. Others can't get loans because their bad credit indicates that they just don't handle money well. These people are not likely to change.... more