You should seek professional help for this. Not to sound negative on this, but with my knowledge of experience on "rent to own" options and leases, there is more than a 95% probability things will fall through. In the tax year it fails, that creates an entirely new and potentially much more complicated tax issue. If your state also taxes personal income then you can double those potential complications. Seek professional help and make *SURE* that your options for when the deal falls through are *CLEARLY* explained to you. When the deal falls through, you *WILL* have tax implications to deal with.
