It is fine to enter into a rent to own contract. The thing you need to look out for is that any funds you put down for the option period can be used towards your closing costs or downpayment. Also make sure you intend to purchase the home because if you do not you will be out your option payment and possible your deposit.
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James Wheelock
Wheelock Systems
ERA Silver Star Realty
9430 Broadway #156
Pearland, Tx 77584 JamesWheelock@HoustonHomesSource.com
281-979-0793