How to Find (or Create) a Rent-to-Own Home | realtor.com – Know your options. A time frame to transition from rent to own (anywhere from a few months up to five years) The home’s purchase price (either locked in or to be determined by the end of the lease) An option feea nonrefundable deposit, but typically credited upon saleto secure the right to purchase the property.
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Check websites specifically geared toward rent-to-own homes (see Resources for one). Some sites feature a search tool that allows visitors to look for rent-to-own properties advertised on the site.
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Rent to own on the surface sounds ideal, but the reality in most cases is quite the opposite. Usually there is non refundable option money involved (thousands of dollars) so if you have that money you probably have a down payment. I pulled some data off a site that lists "lease to own homes" see what you think: