If someone gives you a lease option contract, do you know what to look for to make sure that it is valid? I ask that because even as a Realtor, I see a lot of lease options where the property is leased, but a year later the person who leased it choses not to or still can't exercise the option to buy the property (bad credit and can't get a loan primarily), then the owner is stuck. With tenant rights it can be very difficult to get a tenant out especially if they are paying the rent (even if it's late or if they are only paying a partial rent, if they are paying something, legally you can't kick them out without going through the legal system and giving them notice - Missouri is one of the hardest states to get rid of a bad tenant). The other problem, is that as a tenant, you don't have the right to just pop in and check on your property and often the tenant doesn't take care of it well. Then when you do get them out, the deposit doesn't take care of the damages and you have to spend money to fix up the home in order to sell it. I would seriously talk to a real estate lawyer and make sure that you have a good lease option contract to use as well as make sure that you do a thorough background check before you get into a lease option (I actually had a person contact me a few months ago, she was in a lease option contract and had decided she no longer liked that house and now 8 months into that contract and 4 months before she was supposed to start buying it she wanted to end that contract and get into a different one). You may see it as a lease option, but too many of the buyers see it only as a lease and a maybe I'll buy if I still like it in a year. As a realtor I guide people carefully through the paperwork when they come to me and ask me to do a lease option for them to make sure that is really the best option for them. Often we can find someone who will buy their home outright instead.