A Word About Rent-To-Own
Avoid "Rent-To-Own" properties at all costs!
The dark little secret most landlords won't talk about is the fact that almost no ren-to-own properties ever end up being purchased by the tenant.
In fact the Arizona Secretary of State office keeps statistics on these sales and fewer than 3% are ever sold on this type of Program!
These Rent-to-own programs generall are more expensive each month with the promise that part of the rent will be returned in the form of a down payment. If you can't qualify for the loan at the end of the lease all extra rent is taken by the landlord leaving you out in the cold.