Trying to sell home to tenant with no financial history

[Troy P.]

Hi all,

I have a tenant who is wanting to purchase the property from me, but by the end of the lease, she will only have 6 months of employment and credit history under her name.  She was a single mom in the past and did not build credit of her own.  She had a cosigner for the lease and has been a terrific tenant.  I'd really like for her to purchase the home from me, so I'm curious if we have any options.  She was told if she doesn't have 2 years of tax returns, then she won't get approved.  Is this true?  Is she entitled to previous joint returns with her ex if that is required?  I know a lease-opiton is typically a good strategy, but I don't want to set her up for failure just to make a dollar.  Are there any other options?  I feel like I'm stuck either evicting her or continuing to rent it to her...

[Glen Wiley]

Unless you are operating a charity I would not finance her nor would i get involved with her financing efforts. Let her continue renting.