Rent to own is a very complicated transaction that requires attorneys, a FOR SALE contract with an agreed to sales price, closing date, temporary leasing for just a month or two before closing, a large deposits that are non-refundable if you don't close and more.
Most future buyers simply rent and then discuss buying the home later after the tenant has secured financing through their own lender. Getting owner financing is tricky and can be a possible rip-off to you as well.
If you cannot afford to buy due to a lack of funds, poor credit scores or low income, then don't do it. Get yourself financially prepared a good year before you buy. To see the steps, visit my buyer's page on my web site. http://www.markknowshouston.com/buyers_roadmap_01.php
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