Looking to buy and landlord is looking to sell

[Ben Capriolo]

Hello,

So my year lease is coming to an end at the end of January 2020. I have now decided I would really like to own my own home, which I plan to eventually turn into my first investment/rental property. So I'm going into this purchase considering it to be my home for a few years and then a rental afterwards.

Now, the situation....

Im currently looking through the market and really just waiting on a home that catches my interest and demands. The problem is my lease ends in January and one of my roommates doesn't want to renew or go month to month. Ive talked to our landlord and it seems as though if we don't renew or stay in the house, he would like to just sell it. Now, I think this townhouse would be a great purchase but I've already got prequalified and for only around $165,000. Ive briefly discussed with my landlord that I am looking to buy and he said he'd be interested in selling and told me that he thinks the house would be about $200,000 (which I agree is probably FMV). I told him what I was qualified for and said he wouldn't be able to go that low.

Now, Ive read a little about lease-to-buy scenarios but don't know too much. Would this be a situation to where it would work in both sides benefits?

I would really appreciate any type of input or suggestions as to what I should consider.

Any other ideas?

Thank you so much for your time!

Ben Capriolo