Rent to Own or Lease/Purchase in Kentucky
Who has experience in rent to own or lease/purchase options in KY? Anytime I advertise a property For Rent, I immediately have numerous inquiries about Rent to Own. I like the idea of getting a decent down payment vs. a rent deposit. My attorney, however recommends that I avoid this since the local courts tend to look at this as a purchase, which could result in a lengthy foreclosure process when things go south. She advises that eviction is much quicker and simpler to implement. Is there a way to structure this in KY, so that I can get a down payment but avoid the lengthy foreclosure process, when the tenant is not able to close on the property?