When the interest rates are as low as nowadays, that will not be my 1st choice...
Keep in mind that the way the market goes, most likely the owner of such a property will have in the contract that the sale price will be based of future appreciation (otherwise, the owner can easily sell the property within days (IF priced and marketed correctly) and will have no real motivation to do a Rent with Option to buy.
You will also will need , up front, 1st month and last month rent PLUS couple of months rent value as a guarantee that you will buy the property at the Lease' end, as per contract. Otherwise, you will forfeit the deposit....
Meir Aloni & Team
CRS (Certified Residential Specialist)
CDPE (Certified Distressed Property Expert)
RECS (Real Estate Cyberspace Society)
Successfully selling Broward County since 1986!
Direct phone# 954-338-5220 http://www.WeSellBroward.com
All Star Realty Inc.