Rent to own question

[Kevin Breneman]

I currently have a tenant that is renting for $1300 a month, however they want to purchase the house.  I was thinking of renting for $1900 a month for 20 years, after 20 years the house would be their's, has anyone else done this type of for sale by owner? Are there any downfalls to doing this? Seems like it would be a good deal for both myself and the tenant.