Rent-to-own: Any reason I shouldn't? And, landlord responsibilities?

[Chris H.]

I have a home I have put on the market to rent, using a property management company. Is there any reason I shouldn't offer rent-to-own financing? I got the house at sufficient price that it would make sense as both a rental and a flip, and rent-to-own seems like the best of both worlds (higher rent and better quality tenants if they don't stay, and a sale if they do).

Also, in a rent-to-own deal do I have typical landlord responsibilities? i.e. who's responsible if the hot water heater breaks? (I am in Washington State if this matters)

Thanks much!

- New Landlord