<prompt> Human: My friend asked me to give you guys a ring concerning renting to own a home.Recently he and his wife went through with getting a home through a rent to own program. It was previously in foreclosure. The home was valued at about 280k. However, both him and his wife have poor credit. Probably 60k combined income, and little to nothing in savings nor an emergency fund. His work is seasonal, hers is a business in name only doing graphic design. She also works part time at a clinic as a receptionist. One child, and a dog. He was told that it credit wouldnt be a problem, and thats what the Rent to Own programs are for so long as he remedies it. Hes become unsettled with what he thinks may have been a bad move. That all being said, hes since approached me with some questions that I cant answer, and he claims his search for answers were fruitless.. So maybe you guys and gals can?Again, home was previously in foreclosure, in Massachusetts. Whats the overall deal with Rent to Own? How does it really work and what does he need to look out for? If he cant improve his and his wifes credit, will he lose his home?What happens if he misses a payment? Can he make modifications to his home? Can he build on the property? Are there unannounced home visits by the bank?Are taxes the same? How does fixing problems with the property plumbing, heating, etc. work? Hopefully his wife doesnt browse rpersonalfinance ..Thanks all.  <response>: A friend owns rent houses. She does the rent to own trick with people. She says that no one has ever been able to follow the terms and shes never sold a house.It does get good people who want to commit to renting and paying on time though. 