Emily, you asked: "Can i rent to own other property after i do a short sale on mine even if i have bad credit and file chapter seven ?"
Short answer is yes, if you can find a disparate owner or an unethical owner.
The bigger question is "Should you"?
In most lease options, the tenant pays a down payment and a higher than market rent in exchange for the option to buy the home at a later date. If you exercise your option and buy, the downpayment and the spread over market rent is usually credited to you for your down on the loan.
If you do not exercise the option, you loose the down payment and will not get any of the rent back.
There are some people that prefer tenants like you because they know you will not be able to exercise the option. They evict you and find the next victim.
Do not enter into a lease option until you are very sure you can get financing at the end of the term!!!
If you proceed, do some research on lease options or lease purchases. There is a lot of info on the web.
Dennis Smith, ABR, SRES, e-PRO, CDPE, RealtorÂ® Lic #00476662
RE/MAX By-the-Sea, Carlsbad CA