<prompt> Human: My partner and I have recently decided to save money to buy a house. Right now our plan is to move in with my parents for a year and then put a down payment on a place. Now apparently my sister is moving in as well with her 4 yo son and a baby on the way we have a 7mo baby so its going to be pretty cramped. Knowing this information, we have looked into rent-to-own homes.What are the pros and cons? When I look online it seems like a legitimate, viable option but also too good to be true.Any advice would be appreciated!  <response>: It is legitimate, however they still require large deposits up front, and if you dont meet the requirements of the contract you forfeit everything you have paid. I knew a guy who had 12 homes, that he ran as Rent to Own with 1 year lease, followed buy the buyout. Hed collect 10 of the home as an upfront downpayment and rent for a year. Time would come for them to buy, they wouldnt qualify for financing, hed need to evict them and start the cycle. He never sold a single house, it was all completely legal, and he just raked in way more money than those homes were ever worth. Save the money, get a downpayment, get financed by a real bank. 