3. "Anytime you take a "rent-to-own" option, you lose..." In response to Reply # 0
Because you're essentially paying the down payment two or three times on the property.
You can assume that, if the rent is $900 a month on a place then the mortgage is somewhere between $600-$700. Now, if you do the math on that, you can figure out how much the place is worth and that, if you take that $2000 you'd pay up front, and then three or four months rent, you'd have enough of a down payment to buy another place at the same price without the scam.
7. "i would do this on a property i wanted to get rid of..." In response to Reply # 0
because it had issues, but couldn't' sell to a regular buyer because regular buyers are super thorough and will pay hundreds for a housing inspection and appraisal revealing all the problems. in other words, don't do it before you do those things and maybe live in the property for a minute so you can decide if you like the area/there are no major issues with the property. you have to think of what is the upside for the seller?
9. "Nah, B. Buy straight up, but don't go for this okey doke....." In response to Reply # 0
You're always in a better position maneuvering your own money. FOH with giving someone else your money to save and credit and put toward a down payment. I'd bet dollars to donuts, there's some hidden fees and whatnot.
Either rent at reasonable rate so you can save up and buy straight up, or just say fuggit and buy now.