If he illegally tapped into the electric grid to bypass the meter and avoid detection by abnormally high...not that kind of high....electric rates.  

These deals are much easier because you are not dealing with banks and their BS.These deals can be structured many different ways.

@Joseph PytcherIt is not unusual though it can be structured many different ways.

It depends on your area and the developers that built the structure, though.  

Whether or not you will  have closing costs depends on how you structure the contract.

I'm here to learn how to structure a rent to own agreement that gives me the greatest cashflow so I can grow my business while continuing to work full time.I look forward to hearing about all the interesting and creative ways I can achieve my goals.

I'm here to learn how to structure a rent to own agreement that gives me the greatest cashflow so I can grow my business while continuing to work full time.I look forward to hearing about all the interesting and creative ways I can achieve my goals.

As time went on I was wondering if it was perhaps the way I was structuring the deal that was the problem. 

Financing is typically structured as interest only debt with 24-36 month term, which will convert to traditional financing upon stabilization and a handful of covenants including DSCR, debt yield, etc.

I'm moving forward with my research and hope to meet with a local realtor next week to structure my first purchase.