A better understand of Rent to own .
Hello BiggerPockets forum , I need help understanding rent to own. I found a nice two bedroom cape cod style home that I would love to live in with my family. Only thing is my credit isn't the best and I am aware of the process to do a rent to own . Now I have couple questions about this method such as where would I be able to get a contract for this method with a optional purchase of home ? Also the home it self need some renovations such as new floor because he gutted it before hand? Would something like that be entitled into the contract the home he purchased for 85k and a rough estimate for a new floor is about 5-7k would that be put into the home selling price for me and I would also be putting what I believe is a leave option fee ? Also a known as a down payment for a traditional home buying method. Please anybody with answers to these questions can please help me that would be truly thankful.