Yes you could of course, just make sure you do it with an experienced real estate attorney so that you have all the terms detailed, clarified and explained to both parties. I am assuming you are talking about
rent to own.....these arrangements and contracts are complicated in their details, and in everyone's life
things change, so very careful with that arrangement.
Some other way would be that you do a clean and straightforward lease, but with the option of first
refusal to the current renters, so that when you decide to sell the property, let's say in a year towards
the end of the lease, your current renters have the option to be the first ones to present an offer to
you as buyers, or not.... think about it, discuss the various options with your Realtor or better yet
with a local real estate attorney who will advise you of the risks you will be taking and the precautions in the terms you need to take.
Good Luck to you
Edith YourRealtor4Life & Chicago, North Shore & Northern Illinois Expert
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Investors alike....And always with a SMILE :)
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