You need to learn what lease option / rent to own is because if you don't have $10,000.+ to put down on a home, then you don't qualify to do lease option.
LEASE OPTION OR RENT TO OWN:
You will sign a contract with the owner/seller that has terms in favor of the seller - not you.
You will need a large upfront deposit (at least 20%).
You will be required to pay a monthly rent + a premium rent that goes towards the down payment and/or price of the home. Your monthly rent will be more than $2,350..
If you don't buy this house or don't qualify for a mortgage loan, you lose all the money you paid.
The owner/seller keeps all of your money (deposit, rent payments & premium rent payments). There are no refunds. It says so in the contract you will sign.
And you wrote that you don't want to pay rent anymore? My answer - too bad, so sad.