Need Guidance - Rent to Own Transaction

[Yewande Omoteso]

I am structuring a rent to own transaction and want to be sure I am doing things right. Property is a townhome (4 bedroom, 2.5 baths) valued at $115K. Located in a good, high growth area in Atlanta. Paying $100K by securing a HELOC on a prior home. Should be able to pay it off within six months. The rent paid to me is $1,100. The tenant, a trusted friend, will pay HOA fees ($181/mo) and property taxes ($1000/year). The agreement is that we maintain this arrangement for 15 years after which she owns the home. Does this make sense from a financial perspective? We discussed but have nothing on paper yet. I would appreciate your thoughts and collective wisdom before I make a mistake. Looking forward to hearing from the team. Thanks in advance.