does lease to own strategy make sense in NC

[Matt Berklacy]

I have a 3/2 t/h arv 210k, rents 1250, balance 70k, in Raleigh Cary Nc

I thought to do my first lease to own as an income play, or slow flip, rather than a continuous straight lease.

2% non refundable option to buy, a little higher rent, a little higher sale price, credit $100 a month to down payment 

I was wondering if you have had any good luck with this as a landlord, particularly in NC? 

i really dont know what im doing as far as marketing it, and structuring it, and would like to outsource it to a property manager to market, and an attorney to handle it.

[Marc Winter]

@Matt Berklacy, Better check your state laws as @Andrew S. rightly said.  

If you credit part of the rent towards the purchase, you are giving the tenant (arguably) some equitable rights to the property, which will mean when things go sideways, as they usually do in a lease w option, you will have to do an ejectment vs an eviction.

Think FORECLOSURE type of process.  The lease shouldn't mention the option to buy, and vice versa and DO NOT credit any amount of the rent towards a downpayment.