Lease-to-buy to my parents

[Rasiel Algaze]

Okay im  facing a difficult situation In my life right now.   The thing is my house is under my name and  A few years later after I got the loan I wrote my moms name in the title. I tried to convince her to use the home-equity to buy a new property to rent out but it seems like it she doesn’t believe me and  she think that I’m going to screw up.

 My personal residence is being rentout.  The rental covers the entire mortgage plus a little bit of cash flow. 

What happened now is that my parents got into more debt with a new car loan and credit cards, so now they are requiring me to pay more.  Although before moving back to my own house we had an agreement that I would only pay utilities plus some other bills like Netflix, etc, while I was getting out of debt. they are using an  excuse that my girlfriend is at home so everybody got a pay for her/his own room, Although she only use water Gas and electricity Morally I decided to stop counting with my home-equity  because I think it’s a big responsibility and my family is living there too. 

But I want to move out of the house with my girlfriend. I don't have enough cash flow available showing up on my credit report to get another home plus I don't have 20% down. Instead we going to buy the house under my girlfriends name via FHA. We got some cash for down payment.

Both of my parents file bankruptcy years ago. Now my question is should I do a lease to own agreement with my parents? I’m planning to do that on a five year hopefully less time so they can rebuild their credit and I can  sell my house to them for the amount of the loan only.  All I need is the house to be removed from my credit  so I can have the freedom to do whatever I want to do with my  investments when the time come.

If I do the lease to own agreement in order to get much cash flow , if I do the lease to own agreement in order to get  maybe another property loan approved,  do I have to pay taxes out of the amount of dollars I get from the lease?