How to Find a Rent-To-Own Home
In a rent to own situation you have to submit credit application and with a good Realtor, negotiate the terms of a rent to own based on current market conditions and a contract w/kick out. Many sellers in this scenario will price the home higher than comps out there just to get contract at or near an average years markup. You also need to negotiate what amount from your monthly rent you will want to go towards the downpayment when you decide to buy in a year or two. All basic terms must be outlined then an attorney will review and tweak based upon your situation and goals.
As mentioned, having a good Realtor represent your interests is imperative. There are a lot of wolves out there (if you plan on going it alone) and you don't want to sign something that will haunt you later