@Jacob Chapman You're exactly right, rent to own is essentially the middle ground between renting and selling. You can get a premium tenant and a premium price in exchange for helping them to buy.
My experience with regular tenants is that even the good ones are constantly calling you about little nonsense issues. While I almost never hear from a tenant/buyer until they're ready to close.
Do your research. Get a real estate lawyer who's familiar with lease options. And give it go!