Lease with option deal

[Andrea Shields]

I have been approached for a lease with option offer on one of my properties that I have up for rent. Lease would be for 2 years. I have looked online for info on lease option. My question is:

If I decide to go along with this how can I price this home so i dont loose in 2 years and protect investment if buyer fails to secure mortgage. Purchased property 3 years ago as a foreclosure and current rent is $950. We spent about 15k on repairs. current value is 120k. Lease would be done at title office.

Thanks