Rent To Own
How does a rent to own work as far as applying a portion of the monthly rent toward a down payment for purchase. Do I need to bank that money and give it back to the tenant to use when they secure a mortgage? What percentage do you usually credit toward the down payment upon execution of the option.
Thanks in advance.
Also should I be rening int for 1% of the Sell price?
http://www.thecreativeinvestor.com/ViewTopic49595-24.html