A few times a week, I have a potential client reach out and mention that they are looking for a rent-to-own option. Unfortunately I feel like I'm raining on their holiday parade when I tell them about the scarcity of sellers willing to do owner financing. I'm not saying that if you really dig around you won't find a rent-to-own property, but I can say that over the past few years we are seeing less and less of those opportunities. Why you ask? Simple. Risk and cost.
Risk: When a seller offers a rent-to-own option, they are responsible for making sure the property taxes are paid, keeping the property condition up to date, and are hoping that you make your payments on a timely fashion. If you default on your payments that might keep them from keeping the property taxes current, or keeping their own mortgage payments current. That could very well mean that you may very well lose any of those payments you've paid when his mortgage lender forecloses on the property.
Cost: Usually if someone is looking to sell something, they already have an idea what they are going to do with the funds. Most sellers are looking to sell their home outright so they can purchase another home, or make another investment. If you are making monthly payments, then the seller might not have the resources to do the things that they were hoping to do.
For another in depth look at the advantages and disadvantages of doing a rent-to-own purchase, click on the link below.
https://www.thebalance.com/what-is-rent-to-own-315664#:~:text=Rent%2Dto%2Down%20deals%20can,don't%20go%20as%20planned.