We're looking to convert our current home into a rental with the option to purchase.Would anyone happen to have any thoughts, tips, recommendations on structuring a lease option?

I am ready for any advice and tips from everyone.Thank youAn

HI - not sure if linking is allowed here but I just put out a piece on advice on this exact topic (https://www.biggerpockets.com/forums/517/topics/1196250-tip-...) - you should be OK but it would behoove you greatly to get some sort of documentation like a BPO (Broker Price Opinion) of the value now for use later in the refi!

Here are some tips I use to keep with it.I schedule my gym time in calendar, just like another meeting.I built a gym at home in my basement (right next to my office) as I prefer that to going to a crowded gym.I shop once a week and focus on mostly healthy food.

BONUS TIP: I just read on a listing that I'm going to adapt: Include in tenants lease they must pay for PSE&G Worry Free service.

Something as simple as handing out golf clubs at the local putt putt golf, or possibly being a waiter at a very high priced restaurant and taking home good tips.

So don't jump the gun and tip your hand to early.If 4 or 6 months pass and no idiot comes along, that's a good time for you to pop up with a reasonable offer (that the seller is considering "lowball," but so what).

4) Any tips or tricks you can pass along with this method? 

It's a fast read and gives some great tips and checklists for setting up and operating your MTR. 

The city can also still require operators to collect tax similar to a hotel.