Modesto / Salida Single Family Rental Property Rent To Own

[Ruben A Ventocilla]

Hello everyone,

Just to provide some background, I have purchased a single family home in the city of Salida last month. A potential tenant was wondering if I would be open to do a lease with an option to purchase. The tenant is offering $2.5k per month for 24 months and then he wants to purchase the property for $500K afterwards. I purchased the house for 455K FHA and I am not sure if this potential transaction is worth it or not. Right of the top of my head, thinking about all the sellers costs and potential house appreciate I don't know if this would be a good option for me.

Any advice on what I should do in this situation is greatly appreciated.