Very first Lease option?

[Spencer Mollman]

Hello, I recently got a property under contract I found on Facebook marketplace. It was being advertised by a wholesaler for $130k. I went to see it and negotiated it down to $90k. It needs some updating and my initial plan was to BRRR it into a nice little rental. I then learned that the wholesaler had spoken to a woman before that wanted it as rent to own in its current condition for $130k. The seller was not interested in rent to own so nothing happened. It occurred to me that I could get in touch with her and offer her the rent to own for the $130 without having to do any work. It should cashflow nicely as a rent to own and I am not seeing much downside, but I have never done a rent to own and wanted to get some perspective on the pros and cons of doing it in this case. It seems to me like a pretty easy, straightforward deal but maybe I'm not considering all the risk? Maybe you can help? TIA!