Lease options, with tenant buyers.

[Troy D Krueger]

i am fairly new to the Real estate world and am looking to mainly to "rent 2 own' or lease options with tenant buyers in the SFR i acquire.

Once i have a lease option in place with the tenant buyer and they have successfully made payments for the set amount of time and are looking to get financing through an institution, do they need to provide another down payment for that loan, above and beyond the option money received at the beginning of the agreement? Or do i hang on the the option money in an escrow account and use that as the down payment?

thank you, Troy