First Post - Rent to Own Experience?

[Melissa Sautter]

Hi BP Community!
This is my first post. I am a new investor with 2 SFH rental properties under my belt. I've caught the bug! I am primarily focused in TN and both of my rentals are in Clarksville, TN. I am interested in perhaps going the Rent-to-Own route. My partner and I are excited about potentially giving folks the opportunity to own the houses they live in and think it could help elevate the neighborhoods where we are investing. Maybe I'm green and a bit starry-eyed but I love this concept. Has anyone else out there done this successfully? I'd love to hear about your experience - especially:
* Conversion rates on those that actually opt into purchasing the property after the 2-3 year period of renting is up. 
* I'd also like to hear about what models have worked for your (whether you put a portion of their monthly and their security deposits towards their down payment). 
* I'd also like to know about credit scores you accept/reject for this model since this is likely to appeal to those who have good jobs but are climbing back from bad credit scores. 

Thank you in advance for your replies BP community!