I do not have a strong credit score but could provide the cash needed for a rent-to-own agreement. What are the advantages and disadvantages of such an agreement from my position as buyer?

Q: Can a parent set up a rent-to-own agreement with a child on the parent’s rental property and include the IRS tax free gift amount ($15,000 for 2018) as part of the annual rent payment?

A lease purchase agreement—also known as a rent-to-own or lease-to-own agreement—lets someone rent a property for a specified period of time with the promise to purchase it at the end of the ...