As much as I want this property, It likely won't happen.
Mainly because we aren't preapproved for a mortgage and we won't get one just yet. We're still working on building our credit. The owner was willing to do a rent to own, but the monthly cost would be $1,500.00 a month and that is just WAY over our budget. Now a mortgage would be much lower, likely 800.00 to 900.00 a month, but we just aren't there yet.
It's a heck of a deal for someone who has the financial backing. It's 5 acers with a 3 bedroom, 2 bath house, 6 stall barn, and fenced pasture. He's only asking $200,000.00 which is a GREAT price for the area.