S.C.
I tried to rent to own twice and both times I was tricked. The first was through an owner, and just like a previous answer the owner didn't pay the mortgage and the house was foreclosed on while we were living there NIGHTMARE! The next we tried going to what we thought was a reputable leasing company and we paid almost $3000 in deposits and placed in a home the owner never agreed to lease to own. Another NIGHTMARE! I have being researching trying to see if I can sue to get some of our money back and no help with that. I have heard that the state of Texas is looking at outlawing the practice all together, or trying to put serious restrictions on it. I would say do lots of research but I thought I did as well and was still taken advantage of, I would say dont do it at all.